Finland news information team affilates
50.000 Finns want debate on Euro membership

Finland’s parliament will have to debate the possibility of leaving the euro, as 50,000 citizens have signed a petition to that effect, writes Deutsche Wirtschafts Nachrichten on November 16, 2015.
According to the newspaper it is unlikely that the debate will lead to Finland’s leaving the euro, as two out of three citizens back the comoon currency. But the debate mirrors a widespread dissatisfaction with the economic situation of Finland.

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15,000 Signatures against the euro in Finland

Paavo Väyrynen, In July, 2015, Finnish social liberal member of the EU Parliament, initiated a citizens’ initiative demanding a referendum on Finland’s euro membership. During the first 24 hours the initiative gathered 15,000 signatures of the 50,000 needed to have the petition taken up in the Finnish parliament
According to Väyrynen the euro has not benefited Finland in the way it was represented to the parliament in 1998, and Finland has been one of the euro member countries to suffer most from the effects of the common currency. Economic growth has been slow and the unemployment figures high.

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Officially the Republic of Finland, joined the European Union in 1995, and the Eurozone in 1999. The Finnish markka was replaced by the euro in 2002. Finland joined the United Nations in 1955 and established an official policy of neutrality. It joined the Organisation for Economic Co-operation and Development (OECD) in 1969, the European Union in 1995, and the Eurozone at its inception in 1999.

In 2008, president Martti Ahtisaari was awarded the Nobel Peace Prize. Finland was considered a cooperative model state, and Finland did not oppose proposals for a common EU defence policy.This was reversed in the 2000s, when Tarja Halonen and Erkki Tuomioja made Finland's official policy to resist other EU members' plans for common defence.

Currency: Euro

Population: 5.3 Million