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Finns should only be responsible for the Finnish banking system, states Kaj Turunen, the second chairperson of the Finns Party Parliamentary Group.The Finns Party has declared its intent to bring a motion of no confidence against the Government over a common bank resolution fund for the euro area, which was presented before the Parliament for a second reading on Tuesday.

The European Union has proposed that a total of 55 billion euros be raised from eurozone banks for the resolution fund.

“Finland's contribution to the 55 billion euro fund will be roughly 1.2 billion euros, but in the worst-case scenario it can be considerably more than that,” cautioned Kaj Turunen, the second chairperson of the Finns Party Parliamentary Group.

“The Finns Party can't subscribe to joint liability. We're yet again about to create a mechanism that will see all of us to write off the mistakes of some. Finns can be responsible for the Finnish banking system, but Finns being responsible for the French, Italian and Greek banking systems, for example, is unacceptable,” Turunen continued.

“We also can't subscribe to the way the Government has engineered the issue.”

Ruut Tolonen – HS
Aleksi Teivainen – HT
© HELSINGIN SANOMAT
Photo: Jari Lam / Lehtikuva

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