Local News Story
Finland adopt a new 'Social Pact'. To reduce the labour cost, the employees will have to bear the unemployment insurance contributions and the retirement contributions, instead of employers. They will have to work 3 days more, with a wage freeze for a unlimited period.
It's crisis in Finland, the country is in recession since 4 years. The new First Minister, Juha SIPILA, explain that with 'Apple killed Finland twice'. The first one, by creating I-Phone which caused the disappearance of Nokia, and second time, by creating I-Pad, which caused the decrease of paper's demand. In addition to that, the business with Russia deteriorated because of the sanctions of Europe against Moscow.
Like with European treaty, a country can't devaluate its money, the government has been obligated to reduce wages.
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