Bureau Chief, Helsinki
Ritsuko's Feed
Mar 24, 2012

Finland ready to compromise on bigger bailout fund

SAARISELKA, Finland (Reuters) – Finland is prepared to compromise on creating a bigger rescue fund for the euro zone despite scepticism over whether it is needed, Prime Minister Jyrki Katainen said on Saturday.

Euro zone finance ministers will discuss the issue at a meeting in Copenhagen on March 30-31.

Feb 5, 2012

Pro-EU Niinisto wins Finnish presidency

HELSINKI, Feb 5 (Reuters) – Pro-Europe politician
Sauli Niinisto won Finland’s presidency on Sunday in an election
that showed voters want to keep the country in the euro zone
despite misgivings over European Union bailouts.

The former finance minister won with 63 percent support,
defeating pro-euro Greens Party candidate Pekka Haavisto.

Jan 22, 2012

Pro-euro candidate wins first round of Finnish vote

HELSINKI, Jan 22 (Reuters) – Pro-euro candidate Sauli
Niinisto won the first round of Finland’s presidential election
on Sunday, signalling voters want to keep cooperating with the
European Union despite their frustration over bailouts for
debt-ridden member states.

The former finance minister got 37 percent of the vote. He
faces a Feb. 5 run-off with another pro-euro candidate, Pekka
Haavisto of the Greens Party, who got about 19 percent.

Jan 6, 2012

Anti-euro Finns take backseat in presidential poll

HELSINKI, Jan 6 (Reuters) – Finnish voters look
set to elect veteran conservative Sauli Niinisto as their next
president as anti-euro sentiment takes a backseat to economic
concerns.

The former finance minister from the National Coalition
party, with around 40 percent support in polls, is clear
favourite for the Jan. 22 election.

Nov 7, 2011

Italy won’t need bailout if it sticks to budget plan: Schaeuble

TAMPERE, Finland (Reuters) – German Finance Minister Wolfgang Schaeuble said on Monday that Italy would not need a bailout if it sticks to its budget plans, but he also warned that the euro zone’s third-largest economy was too big for the region’s emergency fund to support.

Italian government bond yields hit 14-year highs on Monday, rising nearer levels widely seen as unsustainable as political turmoil threatened to drag it deeper into the regional debt crisis that has already engulfed Greece, Ireland and Portugal.

Sep 2, 2011

Finland to pick reactor site despite German exit

HELSINKI, Sept 2 (Reuters) – While Germany is phasing out
nuclear power, Finland is looking to build more, staying its
course in pursuit of cheap electricity despite the Fukushima
disaster in Japan.

A Finnish consortium will soon announce the location of a
new reactor, underscoring the country’s determination to curb
its reliance on Russian energy and help its metals and forestry
sectors stay competitive.

Aug 8, 2011

No new euro plan for bond-buying – Finland’s PM

HELSINKI (Reuters) – Finland’s Prime Minister Jyrki Katainen denied on Monday that Germany and France had or could have made any new commitments for the euro zone rescue fund to buy bonds of weaker member states.

“No two (euro) countries can decide on behalf of others, and they haven’t decide between themselves on buying some country’s bonds either,” Katainen told Reuters in an interview.

Jul 1, 2011

Finnair, Flybe to buy Finnish regional carrier

LONDON/HELSINKI July 1 (Reuters) – Flybe , Europe’s
largest regional airline, and Finnair have together
agreed to buy Finland’s biggest domestic carrier Finnish
Commuter Airlines (FCA) for 25 million euros ($35.5 million) to
expand in the Baltic market.

Flybe, which has also agreed to buy 46 percent of Finnish
Aircraft Maintenance, will pay 12 million euros for a 60 percent
stake in the joint venture — to be known as Flybe Nordic –
while Finland’s flag carrier will pay 13 million euros for 40
percent.

Jun 27, 2011

Siemens says still in talks to sell NSN stake

FRANKFURT/HELSINKI (Reuters) – Siemens said it was still in talks to sell its stake in Nokia Siemens Networks, despite a report that efforts with partner Nokia to find a third shareholder in their joint venture had failed.

“Negotiations are continuing,” a Siemens spokesman said On Monday, referring to attempts by Siemens and Nokia to sell a stake in NSN.

Jun 9, 2011

Fresh blow for Nokia as CTO ducks out

HELSINKI, June 9 (Reuters) – Nokia (NOK1V.HE: Quote, Profile, Research, Stock Buzz) said its chief
technology officer had taken a leave of absence and a Finnish
newspaper said he was unlikely to return due to disagreements on
strategy, a fresh blow for the struggling mobile phone company.

The Helsingin Sanomat quoted unnamed sources saying Richard
Green was unhappy with management decisions such as abandoning
the “MeeGo” operating system it was developing with Intel in
favour of going with Microsoft’s Windows Phone software.