Stock of central government guarantees EUR 19,4 billion at the end of 2009. At the end of 2009 the stock of guarantees was 27 per cent higher than one year previously...
Central government guarantees include all guarantees for which the state is ultimately liable.
Guarantees to enterprises make up 49 per cent of the stock of central government guarantees. Guarantees granted to housing associations made up 22 per cent and those to households made up 16 per cent of the guarantee stock. Statistics Finland
...just wondering until then they will stop fuelling the housing bubble, maybe after the next major election?...
In the same worisome development, we have the following statement:
Minister of Housing Jan Vapaavuori (Nat. Coalition Party) sees signs of possible overheating in the housing market....so please refer to that ("Prophet of the past") to understand the real value of such statement.
“I wouldn’t call this a bubble yet, but there are slight signs of concern in the air. In some growth centres, the situation is worrisome”, Vapaavuori said in Helsinki on Monday.