Finnish Cabinet Prevails in Confidence Vote Over Austerity
- Oops!Something went wrong.Please try again later.
(Bloomberg) -- Finland’s government survived a confidence vote in parliament brought by opposition groups over impacts of austerity measures on young people.
Most Read from Bloomberg
Hulu for $1, Max for $3: Streaming Services Slash Prices This Black Friday
McKinsey and Its Peers Are Facing the Wildest Headwinds in Years
OpenAI Engineers Earning $800,000 a Year Turn Rare Skillset Into Leverage
Dutch Far-Right Leader Wilders Scores Shock Election Victory
Lawmakers in Helsinki on Wednesday backed the government with 97 votes, with 76 casting a ballot to overturn the coalition. None abstained and 26 were absent.
Opposition groups Social Democrats, Greens and Left Alliance filed a motion arguing that the austerity measures of the government of Prime Minister Petteri Orpo are having a disproportionate impact on young people, a development which will also have a negative impact on the national economy over time.
Read More: Finland’s First Attempt to Slash Budget Deficit Comes Up Short
In his response to the motion, Orpo stressed the importance of healthy public finances to secure services, as well as his government’s work on improving education and creating jobs.
Most Read from Bloomberg Businessweek
How Elon Musk Spent Three Years Falling Down a Red-Pilled Rabbit Hole
More Americans on Ozempic Means Smaller Plates at Thanksgiving
Guatemalan Town Invests Remittance Dollars to Deter Migration
©2023 Bloomberg L.P.