Jyrki Katainen News
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The European Union needs to step up efforts to fight tax evasion and coordinate policies to ensure equal opportunities to companies in the 27 member states, Finland’s Prime Minister Jyrki Katainen said.
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Finland’s Finance Minister Jutta Urpilainen said she will continue in her job after switching three ministerial posts in her Social Democrat party’s first reshuffle since joining the government in 2011.
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Finland’s government survived a confidence vote brought by the opposition after lawmakers backed its handling of the Cyprus bailout.
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The euro area needs countries to tackle their own fiscal difficulties to build cooperation within the currency bloc, Finnish Prime Minister Jyrki Katainen said.
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Finland wants bank shareholders and bondholders to bear the brunt of future rescues, bringing in taxpayer money to clean up troubled financial businesses only as a last resort, Finnish Prime Minister Jyrki Katainen said.
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Commitment to austerity is showing signs of waning in Finland, where a recession has prompted the government to reconsider its fiscal targets.
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Italy’s political gridlock following its inconclusive elections risks unraveling years of crisis management, Finnish Prime Minister Jyrki Katainen said.
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Finland may scrap its central government deficit target, backing away from excessive austerity in a move Prime Minister Jyrki Katainen signaled will support the economy and help the government halt debt growth.
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Finland has emerged as the safest credit inside the euro area. That assessment does little to ease Prime Minister Jyrki Katainen’s concerns that his economy run by aging Finns risks losing competitiveness.
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Finland is turning to venture capital financing as it searches for ways to jolt the economy out of a recession without jeopardizing its AAA rating.
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