http://online.wsj.com/article/SB10001424052748703864204576310851503980120.htmlYour thoughts?
As a clarification, he actually represents a majority opinion at least of these regions of Finland. Quite a lot Finns are angry that they have to participate in bailing out Portugal, Ireland and Greece, while Finnish companies have actually not invested there. Majority of the investments came from elsewhere, mainly Central European banks. The EU bailout package that we should pay is ten times the value of Finnish investments in the region (16 billion euros), adding considerably the resentment, since we really haven't participated in that in any way.
The WSJ appears to have "streamlined" the article since the publication, but I actually don't see a big difference in the information content. You might be able to find the older version of the article from Google or Yahoo caches if you are interested.
His main point is that EU has not actually identified the problem and is now spending a large amount of money on the PIIGS countries with the effect of dooming them to a downward spiral.
