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Finland鈥檚 Long Economic Winter

Why has this former star economy become one of the eurozone's worst performers? Is Nokia to blame? Or is it the government's strict adherence to austerity? Edwin Lane reports.

Edwin Lane explores why Finland is one of the worst performing economies in the eurozone, after its impressive growth came to a dramatic end five years ago. What role has the demise of Nokia - once Finland鈥檚 biggest and brightest commercial star - had on the country, and why is unemployment 9% and rising? Finland鈥檚 Finance Minister Alexander Stubb - the flag-bearer for austerity in the Eurozone - explains why wages need to be cut, and why Finns need to accept that the immediate future is one of further contraction rather than growth.
(Picture: Sunset over Helsinki; Credit: Edwin Lane/91热爆)

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18 minutes

Last on

Tue 23 Feb 2016 15:06GMT
91热爆 World Service except East and Southern Africa, News Internet & West and Central Africa

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  • Tue 23 Feb 2016 08:32GMT
    91热爆 World Service except News Internet
  • Tue 23 Feb 2016 15:06GMT
    91热爆 World Service except East and Southern Africa, News Internet & West and Central Africa

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