Germany, Finland, Netherlands Begin To Unravel EU Banking Union Plans – 27 September 2012

Germany, the Netherlands and Finland have issued a joint declaration that appears to unravel much of what was agreed at the last European summit in June, when EU leaders paved the way for the direct recapitalisation of troubled banks.

In a statement issued on Tuesday (25 September) after a meeting of their finance ministers in Helsinki, the three AAA-rated countries set out the terms under which they would be willing to allow the euro zone’s permanent rescue fund, the ESM, to recapitalise at-risk banks.

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Mish /Mike Shedlock – Italy’s Prime Minister Blames Finland and Netherlands For Spike In Yields – 9 July 2012

Like a drunk blaming a pebble in the road for causing his fall, Italy’s Prime Minister Blames Finland and Netherlands for Spike in Yields.

Italian Prime Minister Mario Monti denounced unnamed “northern” EU states on Sunday for taking positions that contributed to spikes in borrowing costs for Italy and Spain.

Finland Could Leave The Eurozone Rather Than Pay Other Nations’ Debts, Says Jutta Urpilainen – 6 July 2012

Finland would consider leaving the eurozone rather than paying the debts of other countries in the currency bloc, Finnish Finance Minister Jutta Urpilainen has said.

“Finland is committed to being a member of the eurozone, and we think that the euro is useful for Finland,” Ms Urpilainen told financial daily Kauppalehti, adding though that “Finland will not hang itself to the euro at any cost and we are prepared for all scenarios”.

Mish/ Mike Shedlock – Finland, Netherlands Reject ESM Model; Finland Insists On Collateral For Loans To Spain – 3 July 2012

How long Finland and the Netherlands are willing to put up with not having a say in how the ESM (or anything else in the EMU runs) remains to be seen, but both countries expect collateral for any loans to Spain.

Multiple red UFO sighting above the trees in Helsinki, Finland [video]

Multiple red UFO sighting above the trees in Helsinki, Finland .

UFOs over Helsinki Finland July 23rd 2011