Jussi Laitinen, the chief executive officer of Finnish mortgage lender Aktia Bank Oyj, says people in the euro area’s highest-rated economy are too scared to take on more debt as Finland’s economy falters.
Finland’s government hammered together details of a package to streamline and reduce government spending to help pay for the costs of Europe’s fastest-aging population and protect its AAA rating.
Finnish Prime Minister Jyrki Katainen urged voters to embrace more moderate policies as he cautioned against the threat to Europe posed by a surge in extremists bent on splitting the euro area.
Investors seeking higher yields in Finland, the euro area’s best-rated nation, are lining up to join a new market place that will offer junk bonds from smaller companies for trading.
– Finland’s technology startups, which long viewed Silicon Valley as a gateway to funding and global recognition, have found an alternative closer by: Russia.
The political group that tripled its support in Finland’s latest election on an anti-euro platform says the northernmost member of the currency bloc can’t exit monetary union on its own.
Finland’s Security Police is investigating the infiltration of the Foreign Ministry’s data network by spies, Foreign Minister Erkki Tuomioja said.
Google Inc., owner of the world’s most popular search engine, plans to spend 450 million euros ($608 million) to expand its Finnish data center as mobile video demand increases.
Finland’s efforts to protect its stable AAA rating and keep borrowing costs down aren’t helping its businesses, which say they need to cut jobs even as the rest of Europe surfaces from its crisis.
Finnish Prime Minister Jyrki Katainen said his government is monitoring the nation’s housing market to ensure record-low euro-zone rates don’t fuel risks that would warrant regulatory intervention.