Black Friday Sale! Save huge on InvestingProGet up to 60% off

Finland's ousted finance minister Stubb turns down cabinet post

Published 15/06/2016, 10:13
© Reuters. Finland's Finance Minister Stubb arrives at a euro zone finance ministers meeting on the situation in Greece in Brussels, Belgium

HELSINKI (Reuters) - Finland's ousted finance minister Alexander Stubb on Wednesday turned down an offer to continue in a different role in the centre-right government.

Stubb was ousted from the leadership of his co-ruling National Coalition Party (NCP) last week amid weak poll support and criticism of his outspoken style.

He told reporters on Wednesday that the newly appointed party leader Petteri Orpo, who is also taking over as finance minister, had asked him to stay in the cabinet as a minister of foreign trade.

But Stubb, who held four different cabinet positions through the last eight years including prime minister, declined the offer, saying he had no plans at the moment apart from continuing as a member of the parliament.

"I've promised my family to be a better father and a husband, and spending 150 days travelling around the world does not help in that," he said.

© Reuters. Finland's Finance Minister Stubb arrives at a euro zone finance ministers meeting on the situation in Greece in Brussels, Belgium

A polyglot, social media-savvy sportsman, Stubb became one of Finland's most popular politicians after NCP called him up from Brussels where he had held several EU jobs.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.