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[quote:RoXY:MV8xNTc4NDI2XzI5MTg1NjI3X0ZEOUQzOUI5] [b]Finland Derides Crisis as Excuse for Eroding Sovereignty[/b] By Kati Pohjanpalo Jan 19, 2012 Finland is losing patience with a Franco-German bid to erode rules protecting national sovereignty and warns more policy gyrations designed to prevent a euro-area default will alienate citizens across the union. “We have a political crisis in Europe,” Jutta Urpilainen, Finland’s 36-year-old finance minister, said in an interview in Helsinki. “If we make significant decisions using the crisis as an excuse, for example reducing national sovereignty, that carries the risk of weakening the EU’s legitimacy. The risk is that people feel things are moving too fast.” Urpilainen has railed against German and French plans to do away with unanimous voting in the 17-nation euro region and says it’s wrong to repay Finland’s fiscal responsibility with a loss of sovereignty. The northernmost euro member is one of only four sovereigns in Europe’s currency bloc that still carries a top credit grade at the three major ratings companies. Standard & Poor’s on Jan. 13 removed France and Austria from the euro area’s AAA club. The Finnish finance minister will meet with her euro-area counterparts on Jan. 23 in Brussels to argue the Nordic country’s corner. “Unanimous decision-making matters from the point of view of national sovereignty and democracy,” Urpilainen said. [b]CONTINUE: http://www.bloomberg.com/news/print/2012-01-19/finland-derides-crisis-as-excuse-for-eroding-sovereignty.html[/b] [/quote]
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Economic Armageddon and You
Wondering about the American economy? This animated video explains inflation, stagflation, recession and more, all in 5 minutes.
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