Finnish Prime Minister Jyrki Katainen to quit politics

By Josephat Siror

Helsinki, Finland: Finnish Prime Minister Jyrki Katainen is quitting politics this summer after three years serving the coalition government and as decade-long chairman of leading National Coalition Party (NCP).

The PM made the announcement that caught many by surprise, political colleagues alike at a party in Finland’s capital Helsinki.

 “I've considered this very carefully and decided that I will not be available to continue as NCP chair after the party conference,” said Katainen on Saturday evening.

Katainen, 42, has been at the forefront of the country’s development agenda at the time when European Union (EU) issues dominated public agenda amid wobbling economy.

His resignation triggered speculation that Katainen could be eyeing a post at EU Commission or outside its global functions. Allaying those doubts, Katainen said: “I am actually open to different changes including EU engagements and others.”

European parliament elections will take place in May, its campaigns almost coinciding with Katainen’s standing down as the PM.

Away from Europe, Katainen has remained the eye of donor affairs in Finland and developing nations. Early this year, Katainen and his entourage toured African countries – Tanzania and Ethiopia - to bolster bilateral relationships. His delegation comprised businessmen and top government officials.

During his visit, Katainen maintained mutual benefits pledge among the nations through different sectors.

At the time, there was a heated debate in Finland over fears of growing public debt which Katainen maintained philosophical tone assuring the nation of decisions based on expert consultation.

“The economic policy will not be determined by a voice vote. The matter will be decided by the Government in the standard order while utilizing Finland's leading experts. The Government will take its final decisions in March, once all the necessary data is at its disposal,” Katainen was quoted as saying earlier.

Katainen efforts in politics and development has seen Finland’s latest credit rating affirmed at best possible AAA rating for Finland’s long-term debt, according to Fitch Ratings-global rating agency.  Finland’s new PM is expected to be picked in June through party elections.