Signs of Wage Growth Start to Appear in Euro Zone’s North
- Finland’s economy grew at fastest pace in euro zone in 1Q
- After years of belt-tightening, Finnish unions have had enough
A pedestrian walks along a platform in the south harbor at the port of Helsinki.
Photographer: Andrey Rudakov/BloombergThis article is for subscribers only.
If Mario Draghi, the president of the European Central Bank, is looking for signs of wage growth, he might find comfort in Finland.
After delivering the euro zone’s fastest pace of economic growth in the first quarter, Finnish workers have had enough belt-tightening and are now demanding pay rises they say are only fair given the rebound in exports.