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Finland has not been in perfect shape lately and Prime Minister Alexander Stubb admitted that "in Finland, we probably did too little too late", but still this is one of the countries that have a huge experience with successful exit of a deep economic crisis. The most important thing, in his words, is to stop feeding the illusion that the public sector creates growth and jobs. It is the private sector that does that, he recalled. The task of the public sector is to do the structural change. In the second panel, dedicated on Europe's economic problems, the former finance minister of Spain and now minister of economy, Luis Guindoz, also emphasised that it is the structural reforms that matter. To Spain such a reform was the restructuring of the banking sector and the reform of the labour market. At the moment, Spain is scoring a tangible growth of lending. When the dynamics of the labour market is improved capital becomes much more mobile, he added. Despite the success, though, Spain is one of the countries where a populist party is gaining huge popular support.
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