Posted on 07/06/2012 11:34:00 PM PDT by TigerLikesRooster
Finland Would Rather Exit Euro Than Pay for Others
Finland would rather leave the euro zone than pay down the debt of other countries in the currency bloc, Finnish Finance Minister Jutta Urpilainen said in a newspaper interview Friday.
"Finland is committed to being a member of the euro zone, and we think that the euro is useful for Finland," Urpilainen told financial daily Kauppalehti, adding though that "Finland will not hang itself to the euro at any cost and we are prepared for all scenarios."
"Collective responsibility for other countries' debt, economics and risks; this is not what we should be prepared for," she added.
(Excerpt) Read more at online.wsj.com ...
P!
This just shows how hypocritical socialists are.
Even socialists have a limit. Ask them to pay for the whole world instead of just their countrymen and they cry uncle.
But none of them have any problem asking - through the UN and it's Democrat enablers - - the US to redistribute taxpayer money to every third world toilet in Africa.
You have to work til age 67 to pay for others who retire at 50
Saw this coming. The Euro currency is going to die. The European nation will fall soon after. Mark these words.
The last time ECB wanted euros from Finland they wanted gold as collateral for the loan.
yitbos
Well that’s greedy and racist of them.
They should happily pay for starving poor people in the Eurozone.
I would love to see the Euro break apart. An abject example of the cost of socialist spending.
Nah. Nothing doing. Not with people like Olli Rehn in the mix (from Finland and currently “Commissioner for economic and monetary affairs and the euro”—yup, that’s his title). Not to mention that Finland’s current prime minister is a European People’s Party drone.
The only thing that’s making the euro “suffer” is the Stability and Growth Pact.
At the European Summit...
Herman Van Rompuy, European Council
"Just like normal.
"Those who are asking for money, make a line on the left.
"Those who are fed up of giving it, on the right.
"Anyone who has a solution, raise their hand.
"And everyone will have a coffee at 5pm."
yitbos
The only thing they are capable of.:-)
thought the euro was headed for doom years ago. You don’t have to be a sophisto economist to realize Europe is economically fragmented. It’s Pollyanish
to believe these countries could cooperate economically.
Travelling through Europe is like jumping from one indentured culture to another. The hard core socialists have been nothing but a drain on the few prospering counties.
For similar reasons, the US should withdraw completely from the United Nations. The US funds about 20-25% of the UN, which consists of over 160 countries, and spends hundreds of billions in taxpayers’ dollars “giving” to poorer countries where their corrupt leaders syphon off the money.
Ah, but the UN imprimatur is what sanctions our military Empire. Imagine the hit the defense industry would take if we weren’t a member.
What do you expect when you join a collective?
On a recent trip we ran into two Danish girls. They were on a round the world gap year trip. As we spoke they made fun of America and emphasized the goodness of Denmark in granting them a free education. They really emphasized free and dumped on America a little more.
Both of them were getting degrees in the soft sciences with one wanting to be a grade school teacher. We asked them how they could afford a year long round the world trip. Did they work in Denmark to save up? No, they said. They worked in Norway. The taxes in Denmark are too high and you cannot make any money there.
They never got the irony of it all.
“All non-Moslem Americams will be taxed
to payoff the EU and Communist debts.
Get Ayers on it immediately.”
Interesting. The hippies of the ‘60s tried forming their own communes, but they broke down quickly for the same reasons it always does - too many want to profit from other’s sweat. Normally, the bigger the socialist entity, the longer it can hold on; I wonder if Finland would profit or lose if it “secedes”. I wonder of the EU has a Lincoln who will take umbrage at someone who tries to secede...
Maybe Finland is not as socialist as we think.
They’re coming to their senses, apparently.
Those Danish girls sound Greek to me.
I have English friends who love their “free” health care and complain about the high taxes. They never see the irony of it either.
For similar reasons, the US should withdraw completely from the United Nations. The US funds about 20-25% of the UN, which consists of over 160 countries, and spends hundreds of billions in taxpayers’ dollars “giving” to poorer countries where their corrupt leaders siphon off the money.
The very reason the UN was fostered upon the taxpayers of the US by our liberal corrupt politicians for under the table kickback donations.
Said another way, Finland secesion from the EU would be peaceful and not start a euro-civil war.
Imgine this headline:Texas would rather Exit the USA Than Pay for Others
Oh, God I can here it now, "lets get out the long knives and fire up the tanks, we got a rouge state to squash!!!"
“Texas would rather Exit the USA Than Pay for Others...”
SSSSHH!....Texas Common Sense will be kicking in at some point!!!
Change the location, change the appearance and change the language, but socialism is still socialism. It’s all good to drink the milk, but nobody wants to pay for it.
The Danes are living off a reservoir of work ethic and capital, when that runs out they will be as bad off as the Greeks, but without the pleasant climate.
Socialism by its very nature leads to massive corruption. Any political system that violates Natural Law eventually returns to it, albeit in hidden or obscured form. Wealth still calls the shots, politics rules over merit and people learn to use the system to their benefit. There’s no incentive to work or to change.
Whenever someone longs for America to be more like Europe you can be certain they don’t know history, math or economics. They’re most likely a valedictorian from a government school, will graduate cum laude from an Ivy-league school and go on to determine policy for 300 million Americans. Ignorance is the most persistent disease of liberalism and the resilience of a bad idea always impresses me.
I was talking to someone else on another thread and wondered out loud how many Texas A&M Law School grads ever served or were even nominated for SCOTUS? I’ve met many Ivy league grads and they’re not that sharp. They get a lot of positive reinforcement just because of the name and the echo chamber/job placement takes care of the rest.
.....Socialism by its very nature leads to massive corruption. .....
All animals are equal except pigs and they are more equal
Finland's right on this - paying down the debt of counties that damn well knew they were going in the hole is throwing good money after bad. The only thing learned would be spend it today, hit up responsible countries tomorrow.
That’s a good book and I’m startled that school kids still get to read it.
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