Doomed Firms Suck Up Finnish State Funds as Debt Load Swells
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Finland is pursuing a failed policy of using public funds to prop up companies with no hope of surviving on their own, according to the head of the country’s biggest business park operator, Technopolis Oyj.
“We’re putting a lot of money into saving old industries,” Technopolis Chief Executive Officer Keith Silverang said during a March 10 meeting in central Finland with Pekka Haavisto, the minister in charge of managing state assets. “It’s a waste, we can’t save them.”