The Business On... Jyrki Katainen, Prime Minister, Finland
Thursday 25 August 2011
Aka, the man who could wreck the eurozone's rescue plan?
That's the one; he is threatening to withdraw Finland's support for the second bail-out of Greece agreed at the end of July, which the markets are desperate for the eurozone's members to ratify.
What's his problem?
As part of the deal, Greece promised to deposit money with Finland as collateral for its share of the bail-out. More influential members of the eurozone complain that Finland is getting special treatment and they're threatening to veto the bilateral agreement.
What does Mr Katainen have to say about that?
He points out that his MPs backed Finland's involvement in the eurozone rescue plan on the basis of the Greek arrangement. Without it, he may have no mandate to continue supporting the deal.
Is he going to get his way?
Probably not. If Greece has to put up collateral for its latest bail-out, it's going to need to borrow even more money – if everyone else demands what Finland has been offered, the package just won't be sustainable.
So there'll be a compromise?
There will have to be. The good news is that Mr Katainen is a consensus-minded sort of guy. He has no choice: the Government he has headed since June is a six-party coalition.
He looks awfully young?
Yes, he's not 40 until October.
Does he know what he's doing?
People rate him very highly. He was a teacher before moving into politics and took over his party's leadership when he was just 33. Before becoming PM, he spent four years as Finland's finance minister – the Financial Times rated him Europe's best – so he knows a bit about the eurozone crisis.
And when he's not holding the eurozone to ransom?
Mr Katainen, who grew up in Siilinjarvi, in eastern Finland, lists his hobbies as hunting and preparing food from wild game. He's not as meek as he looks.
- 1 Nigel Farage: Me vs Russell Brand on Question Time – he's got the chest hair but where are his ideas?
- 2 Harry Potter fans can apply to the Hogwarts-inspired College of Wizardry
- 3 Jessica Chambers: 19-year-old woman 'doused with lighter fluid and burned alive' in the US
- 4 Russell Brand calls Nigel Farage 'poundshop Enoch Powell' in BBC Question Time debate
- 5 Orange Wednesdays are no more
Weather bomb in pictures: Storms cuts power for tens of thousands – and snow is on the way
Jessica Chambers: 19-year-old woman 'doused with lighter fluid and burned alive' in the US
Russell Brand calls Nigel Farage 'poundshop Enoch Powell' in BBC Question Time debate
Russell Brand was rendered speechless on Question Time by this man
Fury at Airbus after it hints the super-jumbo may be mothballed
Disgruntled RBS worker writes hilarious open letter to Russell Brand after anti-capitalist publicity stunt leaves him hungry
Nigel Farage defends Kerry Smith 'ch***y' comment: 'If you are going for a Chinese, what do you say you’re going for?'
Nigel Farage's approval rating hits 'record low' as popularity suffers in wake of Ukip sex scandal
Pakistan school attack live: Taliban kill at least 132 children in 'horrifying' massacre
Sony hack: Angelina Jolie branded 'seriously out of her mind' in further embarrassing leaked email saga
Panic Saturday: 13 million Britons spend £1.2bn – while 13 million others across the country live in poverty unable to afford food
£25000 - £30000 per annum: Recruitment Genius: They are in need of a HR Manage...
£35000 - £40000 per annum + £65,000 OTE: h2 Recruit Ltd: London, Birmingham, M...