Finland's prime minister-elect suffered a setback in trying to win parliament's support for the EU's Portugal bailout plan, as a vote on the package was delayed because the second-largest SDP party remained undecided. Jyrki Katainen, leader of the National Coalition which won the most votes in April's election, had been hoping to gain approval on Wednesday to back the EU's plans at a eurozone meeting on May 16-17.
A parliamentary committee has moved the vote to Friday, a senior Social Democratic Party (SDP) member told reporters. The Finnish parliament's approval is important because it, unlike others in the euro zone, has the right to vote on EU requests for bailout funds. Support from the SDP is crucial to securing majority approval in parliament, with the eurosceptic True Finns party strongly opposed to the plan. The True Finns finished a close third in elections after a campaign which attacked bailouts for debt-hobbled members of the European Union.
Link
A parliamentary committee has moved the vote to Friday, a senior Social Democratic Party (SDP) member told reporters. The Finnish parliament's approval is important because it, unlike others in the euro zone, has the right to vote on EU requests for bailout funds. Support from the SDP is crucial to securing majority approval in parliament, with the eurosceptic True Finns party strongly opposed to the plan. The True Finns finished a close third in elections after a campaign which attacked bailouts for debt-hobbled members of the European Union.
Link
No comments:
Post a Comment