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Euro zone "on a knife edge"- Finnish Prime Minister

Thursday, 01 December 2011
Prime Minister Jyrki Katainen believes Finland can ride out the storm of the current economic crisis. However, he stressed the situation in the euro zone was serious and “on a knife edge.”
Speaking on the A-plus programme on Wednesday evening, Katainen said the best help for the European economy would be intervention by the International Monetary Fund.

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He added that Finland could consider some minor recovery measures after a calming of the world economic crisis. This will be discussed next March as previously agreed by the government.
”If a worldwide economic crisis can be avoided and the euro strengthens, then Finnish economic prospects remain good in this respect. We can then consider if there is a need to provide recovery measures for certain sectors in Finland,” Katainen added.
The Prime Minister did not specify what sectors he had in mind but emphasized any measures would be for a short one-year period. However, he stressed the government would not compromise on its strategy to reduce Finland’s debt burden.
News source: Yle Finland


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