Euro Crisis : Finland Sees Euro Breakup Ahead

Finland’s foreign minister Erkki Tuomioja has caused waves by suggesting the nordic nation is preparing for a eurozone breakup.

His comments forced Finland’s government to release a statement asserting Tuomioja’s views were his own and that Finland was “100 %” in support of the single currency.

Yesterday, Angela Merkel voiced support for ECB president Mario Draghi’s crisis-fighting strategy, stressing the need for a “long-term, sustainable solution”.

Meanwhile, there was more bad news for Spain where banks’ bad loans have risen to the highest on record, Bank of Spain data revealed. In June, bad loans rose to 9.42pc of banks’ portfolios, up from 8.95pc a year year.

 

 

 

 

 

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