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Finland Should Never Have Joined Euro, Foreign Minister Says

Timo Soini, commenting the government negotations at the parliament in Helsinki, on May 7, 2015. Photographer: Antti Aimo-Koivisto/AFP/Getty Images

Timo Soini, commenting the government negotations at the parliament in Helsinki, on May 7, 2015. Photographer: Antti Aimo-Koivisto/AFP/Getty Images

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Finland should never have signed up to the single currency union, according to its foreign minister.

With the northernmost euro member now set to become the bloc’s weakest economy, the question of currency regime continues to resurface as Finland looks for explanations for its lost competitiveness. Timo Soini, who is also the leader of one of three members of the ruling coalition, the anti-immigration The Finns party, says the country could have resorted to devaluations had it not been for its euro membership.