“Finnish exit – or FIXIT, as they say in Helsinki – is certainly a plausible hypothesis. The Finns have no ensnaring duty to a mystical ‘Europe’. They did not join the EU until 1995, and only then with widespread dissent. The Finns survived their own gruelling depression without foreign help when the Soviet Union collapsed. There is no doubt that Finland could go it alone. It is the last unsullied AAA state in the Euroland, with a public debt of just 51pc of GDP. More than two-thirds of Finnish exports go outside the euro bloc, chiefly to Russia, Sweden and the US. Finland lives in a different economic universe. You could not find a more likely candidate for euro exit.”
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