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You might also like the following related articles:Editors PicksHELSINKI, Reuters, – Finnish Prime Minister Juha Sipila said on Friday he wanted to keep the country in the euro zone but would not hesitate to trigger the nuclear option of a possible state bankruptcy to keep its place. Finlands Prime Minister Juha Sipila delivers his speech at the Central House of Parliament in Helsinki Febru. REUTERSMarkku HeinonenSipila said Finland was ready to take on the debt burden of other euro zone countries such as Greece and Ireland, in the face of economic sanctions that have been imposed on them as the result of their indebtedness. Finland has to pay the interest of those who borrow from us, he said after a cabinet meeting, adding that Finland could not let it all hang out. Sipila, who like other euro zone leaders is meeting at an emergency summit to discuss an end to the Greek debt crisis, said this would not be an act of default but of paying back a debt that no longer exists. Our position is not to pay back Greece, we cannot, he said. He added that Finland would be prepared to cut ties with other euro zone countries that had problems paying back debt, but would not impose the same sanctions on them. We would be willing, in principle, to cut off the supply of electricity for instance for a year, he said. But if other euro zone countries have difficulty in paying back their debt because their economies are struggling, that is a different matter, he said. A Finnish spokesman later declined to comment on Sipilas remarks except to say that this would not be a unilateral decision and Finland would do what was needed to keep its euro zone membership. Prime Minister Sipila said he expected the EU to take a tough line and said Finland would not be an exception. He also said Finland, along with Luxembourg, would likely be one of the two countries that were excluded from the euro zone if Greece was not given another bailout of around 100 billion euros. If, however, Greece is given another bailout, then I believe that Finland would be one of the two countries that are excluded, he said. Asked what he made of statements by French President Francois Hollande that a Greek euro zone exit would lead to a breakup of the single currency, Sipila said a break-up of the single currency was unthinkable.

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