February 23rd, 2016
Episode 466 of 770 episodes
Edwin Lane explores why Finland is one of the worst performing economies in the eurozone, after its impressive growth came to a dramatic end five years ago. What role has the demise of Nokia - once Finland’s biggest and brightest commercial star - had on the country, and why is unemployment 9% and rising? Finland’s Finance Minister Alexander Stubb - the flag-bearer for austerity in the Eurozone - explains why wages need to be cut, and why Finns need to accept that the immediate future is one of further contraction rather than growth. (Picture: Sunset over Helsinki; Credit: Edwin Lane/BBC)
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