Today was reported that large sum (tax payer money) has been lost
"Local government authorities have lost hundreds of millions of euros on investment markets this year.
Planning Manager Reijo Vuorento of the Association of Finnish Local and Regional Authorities told the newspaper Helsingin Sanomat the value of their investments has dropped by around 300 to 400 million euros since the beginning of this year.
Municipalities had investments totalling one-and-a-half million euros at the turn of the year. A fall in their value has led to a drop in revenue. Usually municipalities use investment dividends to pay off debts or to invest. "
Corruption, let's talk about it...I have heard many times CEOs getting golden handshake while leaving a company sometime sinking and in the red...but a mayor, you know the guy that is elected by the honest hard working citizen to manage their tax money, yeah..a mayor to get a golden handshake...if i was sitting at the board, i would given him a golden kick ...Nevertheless i really do hope that justice will block that otherwise, the anticorrupt label that Finland has been flagging will be lost forever...
"The Jyväskylä city council decided Monday to lodge an appeal with Finland's supreme administrative court (KHO) in the case of former mayor Pekka's 200,000 euro golden handshake.
In June 2008 the Hämeenlinna administrative court overturned a decision made by the Jyväskylä city council in January 2007 not to demand the return of Mr Kettunen's severance money."