Liikanen criticises cost-saving measures - HS in English | HS.fi

Liikanen criticises cost-saving measures

Erkki Liikanen, the Governor of the Bank of Finland, believes the cost-saving measures drawn up by the Government are not spread evenly among the public. “People are ready to come to terms even with difficult decisions, if they're just and affect everyone,” Liikanen estimated in an interview on YLE's Ykkösaamu on Saturday. He commented on Friday's massive demonstration by viewing that it was “the basic right of the public” and that the protesters were largely people who believe the austerity measures affect them.

21.9.2015 8:40

Finland, Liikanen reminded, was lauded as a success story across Europe in the early 2000s. “We've since been hit by more shocks than any other country,” he described the transformation of the country.

The Governor of the Bank of Finland estimated that it is necessary to take immediate action because otherwise “the crane will die before the bog thaws”.

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