Image: YLE

At a press conference with SDP chair Jutta Urpilainen at the House of Parliament, he said that Finland's position would reflect the post-election change in the makeup of its coalition government – without specifying what that would be. He thanked Urpilainen for helping to resolve this deadlock.

The outgoing government's finance minister said that his National Coalition Party and the SDP are ready to approve the bailout package, as long as certain conditions are met.

Earlier, the fourth-largest party, the Centre, had said it would vote in favour as well.

He said the NCP and SDP also support decisions related to details of the temporary crisis fund aimed at ensuring that it attains the required level of loaning capacity. The two biggest parties also back the EU's permanent stability fund.

Investors to be Held Responsible

Katainen laid out Finland's stand on how the eurozone financial crisis should be handled. It includes four points that should be changed in the already-negotiated deal with Lisbon.

Among other issues, Finland will require that Portugal re-negotiate its deals with its private lenders.

Katainen said that in the case of Portugal, the same kind of investor responsibility must be required as is laid out in the conditions for the permanent stability fund.

He added that Finland will push for a Europe-wide adoption of a banking tax, and that Finland is ready to institute such a tax domestically. He noted that neighbouring Sweden has already adopted such a tax.

However Katainen declined to give any hints about the makeup of the next cabinet, which he has pledged to announce later this week.

"This solution does not indicate anything about the basis of the government," he said.

Katainen to Unveil Portugal Policy