Thursday, April 14, 2011

Forexyard confirms this blogs prediction that Finland will block Portuguese bail out!

The posting from Forexyard is linked here and contains the suggestion that the Finnish Social Democrat party may come out against any rescue for Portugal before polling day on Sunday, in view of growing opposition to the earlier rescues for Greece and Ireland in the country at large.

Some commentators have even suggested that there would have been no parliamentary majority for a rescue package for Portugal even within the previous parliament.

As pointed out on this blog last weekend, Finland has the right to stop new bail outs under the EFSF in its Parliament. One small hope for some relief for Britain's taxpayers, see my post below! (Strange is it not that Finland has such a right while Britain, not even within the Eurozone, has no such right, are our politicians bought, blackmailed or just plain incompetent?)

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