Der Euro in Europa - Finnland
has high unemployment. Unemployment has
been rising since Finland joined the euro
and the trend in set to continue. OECD figures
show that unemployment was 9.2 percent in
2001, 9.3 percent in 2002 and is projected
to rise to 9.5 in 2003.
wrong interest rate for Finland led to a
temporary boom, followed by a sharp downturn
in their economy. Growth was 6.1 percent
in 2000, and just 0.7 percent in 2001. Even
the Commission has admitted that the euro
has played a part in destabilising the country
because of the inappropriate interest rate.
study in the summer by the Irish industrial
policy agency Forfas showed that the cost
of goods and services in Finland is the
highest in the eurozone, followed by Ireland.
An increasing number of Finnish consumers
believe that the launch of the single European
currency masked price increases. A poll
of 1,007 Finns conducted for the Finnish
finance ministry in June found that 73 percent
of Finns attribute price rises to the currency