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Friday's papers: The Minsk agreement, age and economy, dreams of eternal youth

Most of Finland's newspapers on Friday featured articles looking at the prospects for peace in Ukraine.

Mies makaa lukee lehteä.
Image: Ritva Tarkki / Yle

The nation's largest circulation daily, Helsingin Sanomat presents its readers with an analysis of the Minsk agreement aimed at ending the crisis in Ukraine, going through it point-by-point and taking a critical view of where difficulties may lie in its implementation.

The paper calls the document worked out by the leaders of Ukraine, Russia, Germany and France, "a minefield of clauses" and argues that it is largely the same agreement as the one made last September that was not abided by.

At best, says Helsingin Sanomat, the agreement may lead to a halt in the fighting and the creation of a so-called frozen conflict.

The conservative online publication Uusi Suomi turned to Tommi Koivula, a special researcher at the National Defense University for its analysis of the Minsk agreement. Koivula's view is that there is still a long way to go to achieve peace in Ukraine, and that many tough issues are still to be settled. In particular, he noted two sticking points.

He told Uusi Suomi that the first big problem is who will control Ukraine's eastern border which is now held by the separatists. This, he sees as a bottleneck, and right now does not see how the issue will be settled.

The second main issue Koivula brings up is that there are armed elements on both sides that are not under the control of high command that may decided to continue fighting on their own under the command of some local leader.

Meanwhile, the Helsinki-based Swedish-language daily Hufvudstadsbladet reports that Finland's Prime Minister Alexander Stubb is more skeptical about the Minsk agreement after hearing a first-hand account of the marathon negotiations from German Chancellor Angela Merkel.

Following their talks with Russian President Vladimir Putin, Merkel, French President François Hollande and even their Ukrainian colleague Petro Poroshenko flew directly to the EU summit in Brussels where they gave an account of the negotiations.

According to Hufvudstadsbladet, Stubb said that the gathering was told that the negotiations were very difficult from beginning to end and threatened to break down several time. His assessment of the deal is now more cautious.

Economies of aging

The Finnish population is aging. How will that affect price levels in the economy?

The business and economic daily Taloussanomat reports on a new study that indicates that the more young people and old people in a society, the higher the rate of inflation.

The study by Mikael Juselius of the Bank of Finland and Elód Takáts of the Bank for International Settlements also indicates that the more people of working age in a society, the lower the rate of inflation.

The researchers say that there is a correlation between an aging population and rising price levels.

These findings came as a surprise, as the opposite view has been presented by experts including the former heads of the Bank of Japan and the US Federal Reserve.

Juselius and Takáts say that inflationary pressures can be expected in countries with rapidly aging populations. This may also have an impact on housing, as central banks raise interest rates on home loans in an effort to keep inflation in check.

Their conclusion is that age gaps in society that once were economically beneficial are now posing new challenges.

What are the kids saying?

Yesterday, high school seniors celebrated 'penkkari', or the end of school before the start of matriculation exams. As always, the celebrations included parades of open-bed trucks driving through Finland's bigger towns and cities, with the seniors shouting slogans from the lorries and throwing sweets to the crowds.

The trucks, also as always, were decorated with posters carrying school slogans and the tabloid Ilta-Sanomat published a series of photos of some of those posters.

It asked two experts, Mikko Hautakangas of the journalism, communications and media research centre at the University of Tampere, and award-winning graphic artist Ville Tietäväinen what the slogans and posters were really trying to say.

Unfortunately for those who don't speak Finnish, almost all of the slogans were based on puns. Many referred to graduation, partying and the drinking. Others were clever references to gender equality, some based on popular internet memes.

One that was in English came from seniors at Helsinki's Mäkelänrinne secondary school looked forward to continuing education with a poster that read, "You’re never too old to graduate".

Hautakangas:  A visual parody of Disney with a message of self-irony.

Tietäväinen:  A sympathetic non-anarchistic dream of eternal youth.

Sources: Yle