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FINLAND
Finland's Prime Minister-Designate Petteri Orpo has confirmed his invitation to the right-wing Finns Party as well as the social conservative Christian Democrats and minority interest Swedish People's Party to join his centre-right National Coalition Party in negotiations to form a majority coalition gov't.
- Orpo: "Based on the government talks, I propose that the Coalition Party, the Finns Party, the Swedish People's Party and the Christian Democrats participate in the government negotiations. In the soundings, we sought a common view of solving the challenges facing Finland. I believe that with this line-up, solutions can be found." Orpo secured first place for his party on a platform of spending restraint and debt reduction.
- Negotiations on forming a coalition will begin on Tuesday 2 May. This gov't formation would hold a majority in Parliament with 109 of the 200 MPs, providing a fairly comfortable cushion of support for the new PM.
- This gov't would not mark the first time that the Finns Party has been included in gov't. Between 2015 and 2017 the party sat as a junior partner in a tripartite gov't with the National Coalition Party and the agrarian populist Centre Party under PM Juha Sipila. However, a gov't in this formation would be the most right-wing in Finland in a generation, with all parties apart from the Swedish People's Party hailing from the right of the political spectrum.
Chart 1. Finnish Parliament, Seats (changes in 2023 election)
Source: eduskunta.fi
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.
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