Monday, April 18, 2011

Jyrki Katainen PM contenders Finns Nationalist party gains

Nationalist True Finns make gains in Finland vote and True Finns leader Timo Soini celebrates with supporters at the party's reception in Helsinki, Finland, 17 April 2011 Timo Soini's True Finns have more than quadrupled their support since 2007.

A nationalist party has taken nearly a fifth of votes in Finland's general election, the electoral commission says.The True Finns finished just behind the conservative NCP and the Social Democrats on around 19%.While the Social Democrats have called for changes on EU bail-outs, including the planned Portuguese rescue, True Finns opposes the plans altogether.

Finland's parliament,has the right to vote on EU requests for bailout funds, political party with new set could hold up fiscal plans to shore up Portugal for supporting stability to debt markets.The strong gains for the populist True Finns lagging in third place show immense public frustration in anvil of EU states with stronger economies, notably Germany, at having to foot the bill to bail out the weaker economies such as Greece, Ireland and Portugal.The biggest party, the NCP is tipped to lead the next government with former Finance Minister Jyrki Katainen likely to become prime minister of whatever coalition emerges, replacing Mari Kiviniemi of the Centre Party.The anti-immigration True Finns won 39 seats in the 200-member parliament, final results showed.That put it five seats behind the conservative National Coalition Party (NCP) part of the current centre-right government and a strong advocate for European integration and just three behind the opposition Social Democrats.The Centre Party previously the largest party in parliament won thirty five seats, down sixteen from the last election in 2007.The strong showing for the True Finns meant the anti-euro party would at least "get an invitation to talks" on a new government, Reuters quoted party leader Timo Soini as saying.Celebrating the NCP's success, Jyrki Katainen played down suggestions that Finland would now cause difficulties for the eurozone.

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