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Free AccessOrpo Confirmed As New PM, Set To Deliver About-Turn In Gov't Policy
The Finnish Parliament has officially voted to approve centre-right National Coalition Party (NCP) chair Petteri Orpo as the new prime minister, replacing former Social Democratic Party (SDP) head Sanna Marin. Orpo now leads a four-party right-leaning gov't containing his NCP, the right-wing nationalist Finns Party (PS), the social conservative Christian Democrats (KD) and the minority interest Swedish People's Party (SFP). In policy terms the gov't is set to deliver a stark divergence from Marin's five-party left-leaning gov't that was seen as a bastion of progressive gov't in the EU.
- In the new coalition agreement, the incoming gov't argued in favour of a limited role for the European Union beyond major issues. The document stated that “Finland wants the EU to play big on big issues and small on small issues...Finland advocates for a clear division of competences between the union and the member states, which should not be expanded with a new interpretation of the treaties.”
- On EU finances, the agreement states that “The EU budget must be kept at a reasonable level, avoiding an increase in Finland’s net contribution...Finland will not commit to measures that would shape the European Union into an asymmetric income transfer union. The recovery instrument was an exceptional one-off solution that should not serve as a precedent.”
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.