Eurozone – Finland could leave rather than pay other nations’ debts

“Finland is committed to being a member of the eurozone, and we think that the euro is useful for Finland,” Ms Urpilainen told financial daily Kauppalehti, adding though that “Finland will not hang itself to the euro at any cost and we are prepared for all scenarios”.

The finance minister stressed that Finland, one of only a few EU countries to still enjoy a triple-A credit rating, would not agree to an integration model in which countries were collectively responsible for member states’ debts and risks.

She also insisted that a proposed banking union would not work if it were based on joint liability.

“Collective responsibility for other countries’ debt, economics and risks; this is not what we should be prepared for,” Ms Urpilainen said.

Ms Urpilainen acknowledged in an interview with the Helsingin Sanomat daily that Finland “represents a tough line” when it comes to the eurozone bailouts…

via Finland could leave the eurozone rather than pay other nations’ debts, says Jutta Urpilainen – Telegraph.