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Finnish Finance Minister Urpilainen to Continue After Reshuffle

May 17 (Bloomberg) -- Finland’s Finance Minister Jutta Urpilainen said she will continue in her job after switching three ministerial posts in her Social Democrat party’s first reshuffle since joining the government in 2011.

Urpilainen, who leads the Social Democrats inside Finland’s six-party ruling coalition, said Housing and Communications Minister Krista Kiuru will become education minister to replace Jukka Gustafsson. Susanna Huovinen will take over from Maria Guzenina-Richardson as minister for social services and health. Pia Viitanen will become housing and communications minister, Urpilainen said.

“I intend to continue these rhythm changes, this is an important first step,” she told reporters in Helsinki today. “Next we’ll draw up a new party strategy, which will outline our future.”

Urpilainen led Finland’s demands that it receive collateral in exchange for contributing to Greece’s second bailout and Spain’s bank rescue. She said she welcomed a May 14 ruling by Finland’s Supreme Administrative Court requiring the government of Prime Minister Jyrki Katainen to reveal details of the collateral deal with Greece.

Urpilainen described today’s reshuffle as something that will bring a “lot of female energy” into the government. The rotation in ministerial posts is no reflection of “distrust” in her cabinet members, she said.

To contact the reporter on this story: Kasper Viita in Helsinki at kviita1@bloomberg.net

To contact the editor responsible for this story: Christian Wienberg at cwienberg@bloomberg.net

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