Fist-bump austerity exposes strains on Finland’s consensus model


“Finland has lost its values,” said Arto Annila, a physics professor who was among 75 academics at Helsinki University to be made redundant. Aged 53, it was the first time he has lost his job. “Before you had a sense these were jobs for life.”Anger with these cuts – altogether about 980 jobs are going from the university’s staff – has helped the opposition center-left Social Democrats rise to top in polls.They advocate less austerity and more investment. “Europe has generally done too much cutting,” said Sanna Marin, 30-year-old SDP vice-chairwoman, who warns the coalition could fall before its term ends in 2019.Her hometown suffers 18 percent unemployment. “I think we have the fiscal room to invest,” she said.However, few economists see any magic wand to boost growth, given how few new industries are making up for weakness of Finland’s electronic and forestry exports.”We are all clueless on how to get long term economic growth,” said Markus Jantti, a professor of public finances at Helsinki University.

Paradoksaalne on, et see pidi olema majandusliit, kus liikmesriigid pidid kõik võitma majanduslikult, kui nad reeglites kokku lepivad. Nüüd tuleb välja, et tänu nendele reeglitele liikmesriigid kaotavad ja ei saa sellist poliitikat ellu viia, mida tahaksid.


About Kristjan

Defitsiidi terrorismi vastase pataljoni eriüksuslane (finantsignorantsuse vastu võitlemise osakond). Treening: MMT, postkeinsism, Tartu Ülikool Majandusteadus
Rubriigid: English, Estonian. Salvesta püsiviide oma järjehoidjasse.

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