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Home NATIONALBudget cuts boost domestic demand perversely: Rinne
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Sun, 13 Sep, 2015 12:06:59 AM
FTimes – STT Report, Sep 13
 
Antti Rinne, Chairman of the Social Democratic Party. File Photo – Str / Lehtikuva.
The chairman of the main opposition in parliament Suomen Sosialidemokraattinen Puolue (Social Democratic Party of Finland-SDP), Antti Rinne on Saturday said the drastic budget adjustment cuts proposed by the government boost domestic demands but do little for exports.
 
“These cuts will help our domestic demand but in a perverse way,” Rinne said in an interview with Yle in its Ykkösaamu (Morning breakfast) programme.
 
Moderate wage policies are still needed, according to Rinne, but the adjustment cuts must be directed accordingly.
 
He believes the actions proposed by the government would affect negatively the low-income people, pensioners, families with children, and ultimately, small domestic businesses.
 
The SDP leader offered up fellow party member Lauri Ihalainen as someone who could break the logjam between the government and the unions.
 
Ihalainen is the former chairman for the Central Organisation of Finnish Trade Unions (SAK) and a former minister of labour.
 
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