ASSESSMENTS

Fixing the Economy After Finnish Elections

Apr 16, 2015 | 09:07 GMT

Fixing the Economy After Finnish Elections
A Finnish couple looks at campaign posters for parliamentary elections on a Helsinki street.

(HEIKKI SAUKKOMAA/AFP/Getty Images)

Summary

Finland will hold general elections April 19. The nation's political landscape is currently fragmented and the polls will likely yield a multi-party coalition that balances the competing forces. Regardless of the alliances that form, Helsinki's new government will probably work to restart economic growth and restore Finland's competitiveness. This could involve introducing spending cuts, negotiating with unions for wage moderation and reforming the country's healthcare and pension systems. The next government will also face tough choices on Greece at a time when Athens will be under pressure to request additional financial assistance from the eurozone.

Regardless of who wins Finland's April 19 polls, a coalition government in Helsinki will need to make spending cuts and tough choices on Greece....

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