Main content

Finland’s Long Economic Winter

Why has this former star economy become one of the eurozone's worst performers? Is Nokia to blame? Or is it the government's strict adherence to austerity? Edwin Lane reports.

Edwin Lane explores why Finland is one of the worst performing economies in the eurozone, after its impressive growth came to a dramatic end five years ago. What role has the demise of Nokia - once Finland’s biggest and brightest commercial star - had on the country, and why is unemployment 9% and rising? Finland’s Finance Minister Alexander Stubb - the flag-bearer for austerity in the Eurozone - explains why wages need to be cut, and why Finns need to accept that the immediate future is one of further contraction rather than growth.
(Picture: Sunset over Helsinki; Credit: Edwin Lane/Βι¶ΉΤΌΕΔ)

Available now

18 minutes

Last on

Tue 23 Feb 2016 15:06GMT
Βι¶ΉΤΌΕΔ World Service except East and Southern Africa, News Internet & West and Central Africa

More episodes

Previous

Britain, Business and Brexit

Next

A Virtual Reality Future?

See all episodes from Business Daily

Broadcasts

  • Tue 23 Feb 2016 08:32GMT
    Βι¶ΉΤΌΕΔ World Service except News Internet
  • Tue 23 Feb 2016 15:06GMT
    Βι¶ΉΤΌΕΔ World Service except East and Southern Africa, News Internet & West and Central Africa

Podcast

  • Business Daily

    The daily drama of money and work from the Βι¶ΉΤΌΕΔ.