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Finnish Prime Minister Jyrki Katainen - under fire at home for signing up to the summit deal (Photo: consilium.europa.eu)

Finland threatens summit deal over bailout fund

Finland is rejecting a just-agreed deal on letting the eurozone's permanent bailout fund (ESM) buy government bonds on the open market, a change meant to lower Italy and Spain's borrowing costs.

Markets' post-summit euphoria was dealt a blow on Monday (2 July) after a senior Finnish official briefed journalists in Helsinki about the government's position.

"Finland finds it an inefficient way to stabilise markets," the source was quoted as saying by several news wires.

A re...

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Finnish Prime Minister Jyrki Katainen - under fire at home for signing up to the summit deal (Photo: consilium.europa.eu)

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