The government will cut EUR 190m from vocational education from the beginning of next year onward. In practice this means a decrease of approximately 18 000 vocational education places, a third of total freshmen places available for the youth. Places… Read More ›
Is the Finnish government right in cutting sick leave pay?
According to Prime Minister Juha Sipilä, the government has to find solutions to improve Finland’s competitiveness. A particular challenge is the 10 billion euro sustainability gap. The government has decided to cover 4 billion euros with savings, around four billion… Read More ›
Veteran politician Väyrynen launches an initiative for a referendum concerning the participation of Finland in the eurozone
This initiative, certainly inspired by Greece’s difficulties and the attitude of the eurozone Member States, should not been taken lightly, as a majority of the Finnish population seems to become quite sceptic, and may welcome at least a debate on the topic, in particular when the EU Commission and some countries wants to go towards more economic integration.
Addressing the Greek crisis after the “no”: how to be fair with the Greeks, but also with the Finnish and the EU taxpayers?
Even if the referendum was an act of democracy, even if the EU has proven that it is not able to handle a crisis efficiently, even if we can have sympathy for the Greek citizens, there will not be a… Read More ›
The rising temperature of the eurozone, by Paavo Arhinmäki
It seems a common misconception among the Finns that the separation of Greece from the eurozone would solve its current problems, when in truth, an uncontrolled separation and the country’s insolvency would cause not just an even bigger humanitarian crisis in Greece but also deeply affect the economies of all EU countries.
Erkki Tuomioja: The Biggest Mistakes of the Economic Policy Are Ahead
Translation of a post published on Erkki Tuomioja blog Lengthening work hours without pay and a five percent productivity increase is the core thought of Sipilä‘s conservative cabinet, and it is still very much alive – regardless of the fact… Read More ›
Will the new Government be successful in boosting growth and competitiveness with its present programme?
The first steps of the government have not been particularly successful, and a lot of critics have been generously provided by the opposition on the measures included in the government programme. With some exceptions, in particular inappropriate declarations by individual… Read More ›
Juhana Vartiainen, about his move as a candidate for the National Coalition Party: in the Nordic countries, the political right has accepted the social democratic welfare state
Juhana Vartiainen is the director of the VATT Institute for Economic Research, which analyses public finances in Finland and evaluates economic reforms. He is a recognised – and extremely interesting – expert. Until some weeks ago, he was a well-known… Read More ›
Interview: Jan von Gerich, Nordea chief strategist, about the situation of the Eurozone, the challenges for Finland’s government after the elections and the scenarios for the future
Jan von Gerich, Chief Strategist for the Nordea bank (Finland), gives his views on the Euro zone, the negotiations with Greece and the future prospects for the European and Finnish economies.
Why Finns (and other Europeans) are going to pay for Greece
The shock between Greece and Germany is going to lead soon to Greece leaving the Euro zone, and the EU is facing a possible end of the Euro.