Finland Rejects Talk of Euro Exit After Backing Spain Rescue

Finnish Prime Minister Jyrki Katainen dismissed speculation his government is considering dropping the euro should the debt crisis deepen after the Nordic nation’s parliament agreed to back a Spanish bank bailout. 

“We will not and do not consider exiting the euro,” the premier said today in an interview in Helsinki. “We want to be at the heart of European development. A stronger euro, a better euro is the only, and reasonable, thing for Finland.”

Finland’s demand that bailouts come with strict terms such as austerity and burden sharing, coupled with Katainen’s rejection of common bonds, has prompted economists including Nouriel Roubini to suggest the nation may ultimately quit the euro in protest.

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