Finnish parliament approves bailout for Portugal

13:57, May 26, 2011      

Email | Print | Subscribe | Comments | Forum 

Finland's parliament on Wednesday approved a bailout plan for Portugal, pledging about one billion euros of contribution in the 78-billion-euro (110 billion U.S. dollars) package.

After protracted talks, the European Union-International Monetary Fund bailout was approved on a 137-49 vote, with seven abstentions in the 200-seat legislature.

Unlike other eurozone countries, Finland's parliament has the right to vote on EU requests for bailout packages.

The bailout was supported by the last government, which was dissolved after April parliament elections.

Finance Minister Jyrki Katainen, the likely next prime minister, had already endorsed the bailout package with the backing of a parliamentary committee. Wednesday's vote makes the country's contribution to the bailout official.

Source: Xinhua
Wen Jiabao attends trilateral leaders' meeting of China,Japan and ROK
The Third China-U.S.Strategic and Economic Dialogue
  Weekly review  
May 20   World Economic Forum China office marks fifth anniversary
May 18   China, Pakistan joined in bonds of brotherhood
May 20   'Central axis' of Beijing applies for world cultural heritage
May 20   In pictures: Int'l 'Financial Security' symposium opens in Beijing
May 21   The week in pictures
May 16   Beijing aims for massive influx of overseas talent in 2011
May 16   Singapore election coverage shows Western arrogance
May 16   Chinese naval helicopter conducts target practice in Gulf of Aden
May 17   Strategies for harmony between militaries of China, US
May 17   Pakistani Prime Minister hails China as true friend


  • Do you have anything to say?


Special Coverage
  • 3rd Anniversary Of Wenchuan Earthquake
  • Third China-U.S. Strategic and Economic Dialogue
Major headlines
Editor's Pick
  • Parade of ships kicks off NYC annual Fleet Week celebration
  • Iran beats Saudi Arabia at AFC Champions League
  • Parade of ships kicks off NYC annual Fleet Week celebration
  • Cristiano Ronaldo gears up for Euro 2012 qualifier match
  • Wander at Tim Burton's dark, quirky world
  • Members celebrate 50th anniversary of OECD in Paris
Hot Forum Dicussion