22 Apr '11, 3pm

Eurozone debt crisis flares up again

BRUSSELS: The Eurozone's debt crisis is flaring up again, and more troubles for the Euro lay ahead as a nationalist, EU party was one of the winners of last Sunday's polls, and has vowed to block future Eurozone bailouts. A multi-billion euro bail-out package for Portugal is currently being put together - but it could be blocked by Finland. The True Finns are the shock winners of the Finnish elections, and have already threatened to block Portugal's bail-out. Party leader Tino Soini is a Eurosceptic and does not see why Finland should rescue what he calls Europe's "squanderers". "I trust that Finland will show its responsibility and support this conditional financial assistance programme for Portugal for the sake of financial stability in Finland and Europe, and for the sake of protecting economic recovery, growth, employment in Europe and in Finland," said Mr Olli Rehn, E...

Full article: http://www.channelnewsasia.com/stories/economicnews/view/...

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