Finnish Prime Minister Jyrki Katainen’s unexpected decision to resign lifted Economy Minister Jan Vapaavuori to among the favorites to become the next premier as the ruling parties see no need for early elections.
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.