The leader of Finland’s euro-skeptic True Finns, Timo Soini , backtracked on signals he may be willing to discuss a rescue plan for Portugal amid signs his party won’t compromise on its opposition to European bailouts.
Less than a year after Timo Soini led his anti-euro “The Finns” party in a fourfold surge in Finland’s parliamentary election, voters are showing they won’t reward candidates running on a bailout-bashing agenda.
Finland’s euro-skeptic bloc is poised to enter a government with the pro-Europe National Coalition led by Finance Minister Jyrki Katainen after voters used yesterday’s election to protest against funding bailouts.
Sauli Niinistoe, a former finance minister who led Finland into the euro in 1999, won the first round of the country’s presidential race as voters handed a loss to candidates calling for an exit from the single currency.
Finland moved closer to supporting a bailout for Portugal as the parliament’s biggest party decided to keep negotiations on Europe’s crisis-handling tools separate from coalition talks with the euro-skeptic True Finns.