It’s been a tough 2011 for Europe and it’s going to get tougher. The role of Finland in this whole mess is deeply contested, and is a result of the changes in Parliament after the elections last spring. I personally think Finnish politicians are too smug (see Halla-Aho’s Greece comments). They treat other countries in the EU like a poor relation, but they seem to forget that Finland might be on the receiving end of EU aid sooner than we would like. While the current budget deficit is quite manageable, Finland has the fastest-aging population in Europe.This will have a huge impact in social services and pensions, so I would hope for a return to traditional Finnish caution from the current brashness.
If I put my Mexican hat on, it is very ironic to see developed countries not following their own rules and recommendations for economic recovery (see cartoon in Spanish). I guess the IMF’s medicine is too bitter when you try it yourself.
Below you can see some pictures I’ve taken that show the discontent from the general public in different parts of the continent.