Wednesday, April 20, 2011

finland resists EU bailouts by recent vote

Video - Finnish voters are going to the polls in a general election that could have a direct effect on Portugal's request for an economic bailout from the EU.

TheComingDepression | “We won’t allow Finnish cows to be milked by other hands,” European Affairs quoted Timo Soini, the leader of True Finns, himself a veteran member of both the European and Finnish parliaments — but who runs as an anti-establishment candidate.

Tea Party-like politics may be arriving in Europe.

That is how some European political analysts and commentators are interpreting the results of Sunday’s parliamentary elections in the Scandinavian nation of Finland, where a right-wing populist party made big gains by running against more European Union bailouts for the mostly Mediterranean countries swallowed up by debt.

One veteran analyst, Joseph Fitchett, the editor of the European Affairs blog, called the results “a political tsunami” for the European Union.

While politics across Europe have been drifting rightward since the 2008-09 economic crash, the Finnish elections were the first where a populist party got its boost not just from fighting rising levels of immigration, but from saying “enough” to EU bailouts for Greece, Ireland, and now Portugal.

A party called True Finns vaulted from relative obscurity to gain 19 percent of the vote and boost its representation in the 200-seat parliament from five to 39 seats. That outcome is likely to put the True Finns into a new government coalition, which is expected to take a harder line against Euro bailouts. Source: PBS Newshour (1)

Why are the Finns so resistant to bailing out Europe?

Somebody HAS to say ‘when’; even if the pillars of heaven totter, because the way things are going the ship is going down anyway if we continue like the over-educated clown now running things in Washington wants to do, and simply pretend that everything is fine and let’s just go on borrowing money FOREVER. All we have left now is bubbles of one sort or another. Most of them now deliberately propped up by the ‘leadership’ we are supposed to trust to protect our interests.

The EU won’t survive in its current form and the PIIGS WILL default at some point. Hopefully the Finns and then the Germans later will simply say “No, let the banks and their shareholders bite the bullets.” Let the ‘people’ decide before more assets are pissed down the bottomless well.


Anonymous said...

My man:

Does the bacteria in your gut control your brain? (hint: yes)


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