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Finland Backs Bailout Fund
Source: Agencies |
September 29, 2011, Thursday
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Print Edition
Print Edition
THE Finnish Parliament has approved expansion of the eurozone bailout fund's powers and increasing Finland's share to 14 billion euros (US$19 billion). Lawmakers voted 103-66 in favor.
Tuesday's approval was expected as the six-party government has a majority in the 200-member Parliament, with 126 seats.
Under the new law, the bailout fund will be able to buy government bonds and lend money to a country before it is in a full-blown crisis.
Tuesday's approval was expected as the six-party government has a majority in the 200-member Parliament, with 126 seats.
Under the new law, the bailout fund will be able to buy government bonds and lend money to a country before it is in a full-blown crisis.
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