Unemployment has gone
down in Finland
despite the Eurozone crisis
Helsinki (01.08.2012 - Juhani Artto) The number of unemployed fell
slightly from June 2011 to June 2012, Statistics Finland reports. Also,
trend in the unemployment rate has taken a downward turn following the
Will this positive trend continue in the near future? Much depends on
the ultimate outcome of the Eurozone crisis, as Finland's economy is
very dependent on the development of its export markets, especially to
Sweden, Germany and several other EU Member States, as well as Russia.
Under these grave circumstances the government of Prime Minister Jyrki
Katainen has worked hard to try and
stabilize the economies of the Eurozone and the entire EU area. The
strategy has rapidly increased the amount of risk loans and guarantees
to crisis-hit countries and Eurozone's new stabilizing instruments.
The opposition parties (True Finns or The Finns Party and the Centre
have sought to attack the strategy of the government, but their
all-too-often populist driven
criticism has not weakened the six-party government's resolve.
The prevalence of the relatively low unemployment rate (in
comparison with the situation in other crisis-hit Eurozone countries)
helped the government to defend its policy and not bend under pressure
from the opposition parties.