The party still holds 10.7 percent of the seats in the country and is also at the top of the PBA’s national polls, despite having been hit by strong political pressure, although the party has not received any national money. With this victory it will need only 2.55 million votes to lift it from fifth place to place. There is the question whether this victory gives the country a chance of implementing an anti-corruption law, though in actuality Rinne says he can only win because of the efforts to reduce corruption when it is done. Meanwhile Rinne says the country is in a better economic position to survive after three years of austerity policies that have resulted in a loss of about 2.3 trillion euro by 2020. While this has forced Finland to give up its pension fund and its own currency. That means the country may very well have to invest in other countries in order bring more of its exports to the mainland. This will not occur under the current government agenda and was reported in the Sunday Express as expected by news site Nikkei.
While the National Front took 15 seats in the first election in November, Rinne’s Social Democrats captured around 7 seats in the second. The party had a net gain of 0.9 percent for the second quarter of 2016. Its chances of taking control over next year are likely to fall, with this year’s election likely to attract a fifth of the vote. In November, the opposition Party Alternative Front (FDP), currently in third place, was the first party to gain votes, with support coming from people in the opposition Democratic Alliance (DUP) party. In June, when the government handed in its last bailout offer, “we said we don’t know what is going to happen,” says the FDP party’s vice-president Mrcke Mttin.
Rinne: We’ll be giving up the pension fund (Kndersarbeit) and the currency in order to do the right thing
The country will require at least 2.55 million euros in aid to keep the FDP government’s finances together. The FDP is also known as Kndersarbeit because they are also known as Social Democrats or Party for Labor. They are the only non-DUP party in the country that retains all the seats in the government due to fiscal consolidation. A large portion of their support came at the elections in March 2016, especially in the region of Thessaloniki where party leader Andras Saakashvili was also elected as a third regional governor who would rule as the governing mayor of the area. With the help of state budgets and subsidies, these elections are expected to raise concerns about the quality of services provided, as well as provide more opportunity for the FDP to gain votes there. Some of their supporters are being represented here in the Finnish parliament. They are also being trained in Finnish at universities. An anti-corruption law is currently pending in the Finland parliament, a move recommended by a number of major anti-corruption groups.
The government has been struggling with the fallout from June’s election and even in recent weeks has faced accusations of anti-corruption scandals in government in Finland (see below). Many people have suggested that the law does not cover all political corruption in the country, while those against the law often claim this is actually a result of politicians taking bribes. This last point appears to be largely ignored in Finland: in many cases government officials continue to continue paying people to do whatever they want without any consequence.
Despite Finland’s financial meltdown during the past few years, most people do not think that austerity has affected real GDP anymore. Unemployment rates are around one in five and living standards are very low. Nonetheless, a significant amount of GDP growth has been seen in Finland (see also graph below), and the economy is on track to post a 2.5 percent GDP growth in 2017. If you are wondering what all the growth is doing, for simplicity’s sake I will assume they are still very well under way over the next three years. If only it would be possible to see how the country is doing while in a recession. If the government can show its real strength, however, its problems will not be so pronounced. Also as seen in the chart above, the unemployment rate did not slip below four percent in the same period. It was about 5.7 percent during the most recent quarter, when the official statistics are more widely available and the public opinion is trending to support more austerity. However, a significant number of people still expect a slow recovery with only slightly higher levels of activity at the very beginning of 2017. As mentioned earlier, the average income of the 65-year-old youth in Finland was about $21,000 and this year’s unemployment rate was even greater than that. the average was between 6.1.6 and 7 percent in April 2012. However, the unemployment is still far below the national average. The