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Finland says Paris summit "very bad idea"
Published in Saudi Press Agency on 04 - 10 - 2008


Finland strongly criticised a
financial summit hosted by France on Saturday, saying all
European countries should have a say on how to resolve the
crisis rather than just the bigger nations, reuters reported.
"In my opinion it's a very bad idea," Finance Minister Jyrki
Katainen told national Finnish broadcaster YLE, noting that the
monthly meeting of EU Economics and Finance Ministers will
happen on Monday and Tuesday.
"If big countries and representatives of EU institutions
like the head of the ECB and maybe someone from the Commission
meet today and discuss amongst themselves... it's not a good way
to work. We're all in the same boat," Katainen said.
"Finland, Sweden and all EU countries should be in the same
position as the decision makers ... Is the message from the
meeting going to be: 'We have agreed on this and you have to
accept it'? Let's hope not," he said.
European leaders meet on Saturday for a summit French
President Nicolas Sarkozy hopes will limit the damage caused by
the worst financial crisis since the 1930s.
Sarkozy has invited leaders from fellow European G8 members
-- Germany's Angela Merkel, Italy's Silvio Berlusconi and
Britain's Gordon Brown.
Policymakers including European Central Bank President
Jean-Claude Trichet and Jean-Claude Juncker, chairman and chief
spokesman for the finance ministers of the euro currency zone,
are also expected to attend.
The meeting follows approval by the U.S. Congress of a
$700-billion bank bailout plan.


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