Finns propose new crisis fund, greater co-operation

On 10 August 2012 the Prime Minister of Finland proposed a European crisis fund financed by the banking sector. The aim of the fund is to recapitalise banks in trouble and it constitutes a part of Europe's plans for a banking union to tighten supervision.

The Prime Minister of Finland, which is one of only four remaining eurozone members with a triple A rating, said that the European Union should fully implement the recently made decisions to establish closer fiscal union.

• Primary Source

ESO: Background information: Finland still affecting eurozone debt stance http://www.europeansources.info/record/finland-still-affecting-eurozone-debt-stance/

ESO: Background information: Brussels to lay out banking union plan by early September http://www.europeansources.info/record/brussels-to-lay-out-banking-union-plan-by-early-september/

Spiegel Online International, 13.8.12: Finnish Prime Minister Jyrki Katainen: 'There Are No Simple Tricks to Resolve the Crisis' http://www.spiegel.de/international/europe/spiegel-interview-with-finnish-prime-minister-jyrki-katainen-a-849779.html

EUObserver, 17.8.12: Finland: We have to prepare for a euro breakup http://euobserver.com/economic/117259

The Telegraph, 16.8.12: Finland prepares for break-up of eurozone http://www.telegraph.co.uk/finance/financialcrisis/9480990/Finland-prepares-for-break-up-of-eurozone.html

Kurier / The Daily Telegraph / Bild, 17.8.12: Helsinki and Vienna brace for Grexit or euro break-up (via PressEurop) http://www.presseurop.eu/en/content/news-brief/2538871-helsinki-and-vienna-brace-grexit-or-euro-break

Helsingin Sanomat, 20.8.12: Soini suggests ”northern euro” as alternative to return to national currencies http://www.hs.fi/english/article/Soini+suggests+%E2%80%9Dnorthern+euro%E2%80%9D+as+alternative+to+return+to+national+currencies/1329104646134

---