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Finns Party to bring Cyprus bailout plan to Parliament

The opposition Finns Party says it intends to table an interpellation in Parliament concerning Finland’s contribution to a bailout package for Cyprus.

Perussuomalaisten puheenjohtaja Timo Soini.
Perussuomalaisten puheenjohtaja Timo Soini. Image: Yle

According to party leader Timo Soini, the motion will be filed next month, after the Easter vacation. He said that the party will proceed regardless of the outcome of ongoing discussions on the shape of security to be provided by the Cypriot government.

“Not a single euro for Cyprus,” Soini declared.

Cyprus has negotiated a 10-billion euro rescue package from the European Union and the International Monetary Fund to salvage its financial services sector. However the country is still to determine how to raise 7 billion euros to guarantee the loan.

A proposal to introduce a tax on bank deposits provoked widespread protests and was later scrapped by the government in favour of a “solidarity fund”, announced Thursday.

The anti-euro Finns Party opposes bailouts for floundering eurozone members, and wants all lawmakers to have a chance to debate the latest rescue plan.