Finnish Mark (FIM), euro are "the same", exchange rate
has been locked at 5.94730 (?) since Finland joined the EMU
(Euro Monetary Union), my bank account shows both
markka and euro, stores will do the same next year,etc
and the euro bills,coins will replace the markka in
a couple of years. (backside will still be "nationalistic",
great heroes and other kitch)
That is, one need to keep nations like Sweden, Denmark,
UK apart, members of EU but not EMU, and Norway which
isn't a member of neither.
The finnish policy and strategy has been, from the start,
to rather be an active, negotiating,constructive member on
the inside than freezing and whining on the outside.
The whiners whined about the euro being too high two
years ago, now they whimp about it beeing to low,
and next year they will wobble around about something
else.
Luckily Nokia doesn't play the textile business game of
using threaths of moving manufacturing to cheaper regions,
blackmail, the strategy is more of mutual win-win, long
term goals.
Ilmarinen
P.S. Additionally our military couldn't put a lot of
pressure on China, would take too long time to march
through all of Russia and little GSM coverage most
of walk, but in 3-5 years the coverage will be
much better. (I didn't claim I'm happy with the
fall in the stock, it is actually a little frustrating,
must "admit" that)
P.P.S. Due to high taxes on energy both consumers and
industries have practiced how to be more energy effecient
for a long time, public transportation, alternative sources,
natural gas,etc. (but I would not invest in the trucking
business at this time, while railroad can be OK)
(compare China, Korea,etc) |
