Finland approves Portugal's bail-out

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Finland has approved the financial rescue package for Portugal.

A 25-member parliamentary committee, including members of all eight parties, gave outgoing Finance Minister Jyrki Katainen a mandate to support the package at the eurozone finance ministers meeting on 16 May.

There had been concerns that the bail-out may be blocked by anti-EU parties following the 17 April election.

Portugal needs 78bn euros ($111bn; £68bn) in loans from the EU and IMF.

Finland is the only country that requires its parliament to approve the bail-out package.

A new coalition government has not yet been formed.

The nationalist True Finns Party became the third biggest party in the elections, but was unable to block the bail-out.