gijoe
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If Carlsberg did ironies there is no way they could beat this one. Ollie Rehn's home country is going to oppose a bailout for Ireland because the Finnish government believes it would be toast domestically as it cannot sell an Irish bailout to its electorate.
BUSINESS WORLD - Finland will oppose an Irish bailout
Finland's staunch opposition to pushing Dublin into asking for help is partly based on its belief that the rules must be strictly adhered to but also out of domestic political concerns -- there is an election in Finland next year and there is popular opposition to more bailouts.
"Finland is already supporting Iceland, Latvia, Greece and, who knows, possibly Ireland and others," said a Finnish EU source who spoke on condition of anonymity. "The government will be politically dead if we accept something that is unacceptable to the average Finn. There is no way of explaining it to the average Finn that we are paying all this money but don't know when it's coming back."
As well as opposing Ireland getting quick access to the EFSF - the Irish government is fully funded until mid-2011 and does not immediately need financing help -- Finland opposes Ireland tapping the EFSF or other EU mechanisms to help its banks.
BUSINESS WORLD - Finland will oppose an Irish bailout
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