Jan Vapaavuori Backs Down, Finland Still Wants Collateral

This morning we saw some tension between the parliamentary leader of Finland’s governing National Coalition Party and the parliamentary leader of its key coalition partner, the Social Democrats. Now it seems the NCP’s Jan Vapaavuori is backing down from his (accurate) suggestion that demanding collateral from Spain was counterproductive.

That’s a quick resolution to the Finnish political issue, but it re-enforces the fact that the general view in the Finnish political system is that Germany’s treatment of southern European countries has been too generous, not too stingy.