European Union Economic and Monetary Affairs Commissioner Olli Rehn has told the leader of Finland’s euro-skeptic party to apologize for likening him to a Czarist- era ruler in a spat that coincided with the nation’s vote on a second Greek bailout.
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 is losing patience with a Franco-German bid to erode rules protecting national sovereignty and warns more policy gyrations designed to prevent a euro-area default will alienate citizens across the union.
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.
The dollar advanced the most since November against the currencies of major trading partners on increased demand for a refuge as Europe’s debt crisis outweighed Standard & Poor’s negative U.S. credit-rating outlook.