23 MAR 2011
The value of voting for and electing UKIP councillors, MPs and MEPs is underlined today in news from Finland. The FT today reports
that the whole EU financial package may founder on the rock that is Timo Soini. Timo is the leader of the True Finns, and is looking like the kingmaker in the upcoming Finish elections. He is also a good personal friend and damn fine chap.
At issue is the eurozone’s €440bn bail-out fund. Although finance ministers on Monday agreed the structure of a new €500bn fund that will come into effect in two years, the current system cannot use its full financial firepower to rescue failing economies, a move seen as essential if large countries such as Spain and Italy are pushed into bail-outs.
The idea is that rich countries up their exposure to support poor countries, and Finland is one of them,
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