Finnish parliament backs second Greek bailout

Euroskeptics have surged once again in Finland according to reader JT who writes ... Hello Mish The message of the True Finns, the Finnish anti-bailout, anti-euro party in the local elections is crystal clear: They do not think it makes any sense to cut local services due to budget deficits and at the same time, shovel billions to bail out Southern Europe.

Reader Janne from Finland claims "hell will freeze over" before Finland signs the Merkozy deal as it is structured right now. Janne also claims Finland will "loan" money to the IMF and it will not be in the budget. From Janne .... Hello Mish My collection and translation of news shows this new treaty is in serious trouble.

How long Finland and the Netherlands are willing to put up with not having a say in how the ESM (or anything else in the EMU runs) remains to be seen, but both countries expect collateral for any loans to Spain. Bloomberg reports Finland Firm on Collateral as Spain Aid Terms Discussed

The latest Greek deal is unraveling in multiple places already. The EMU wants to hold it together but can't. Cracks are wide, deep, and widening. Greek Party Leader Might Seek to Renegotiate Terms Social unrest harms hopes of Greek reform

Yesterday, Finland's foreign minister said "Finland must face openly the possibility of a euro-break up" “We have to face openly the possibility of a euro-break up,” said Erkki Tuomioja, the country’s veteran foreign minister and a member of the Social Democratic Party, one of six that make up the country’s coalition government.

Finland said on Saturday it was sceptical about increasing the eurozone's rescue fund despite calls from the European Commission and the European Central Bank to prevent a worsening of the debt crisis."We have not decided yet within the Finnish government what our policy lines are but we're a bit sceptical (about) how big the rescue fund should be," Finnish Prime Minister Jyrki Katainen said on the sidelines of an informal meeting with European officials in the northern Finnish town of Saariselkae.