Word: finlandized
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Solid Evidence. In Helsinki, Finland, after Burglar Olavi Veikko Horppu complained that his stomach hurt, police doctors operated, found: broken bits of a dinner plate, two salad forks, a table knife, several razor blades and a handful of nails...
...Deal. Kekkonen let it be known that he had been secretly conferring with the Soviet ambassador to Helsinki, and that he was actually on the point of signing a big new trade agreement when his government was voted down. The agreement would have 1) granted Finland credit with no strings attached; 2) paid for 10% or even 15% of Finnish exports to Russia in sterling or dollars; 3) reopened the question of Finnish territory captured by the Red army in World War II. Moscow, said Kekkonen, was preparing to let Finnish lumbermen float log rafts down the Saimaa Canal, which...
Painful Reminder. The Kekkonen incident was a painful reminder of Finland's dangerous dependence on Soviet trade concessions. For eight years (1944-52), the Finns worked like demons to pay the Soviet Union $570 million in reparations. The effort cost them dear. To meet Soviet demands for ships and machinery, Finland was forced to double the capacity of its metal industry. It ended up with an artificial industrial plant, geared not to its own needs but to Russia's, and lacking alternative (nonCommunist) markets to take care of the surplus. Wages were allowed to rise to uneconomic levels...
...escape the Bear's hug, Finland's new government hopes for an opening of Western markets and a new trade pact with Britain. Tuomioja's Cabinet could do most to help at home by paring down wages and prices, and curtailing social benefits which Finland cannot afford. But not even Tuomioja's conservatives dare offend both the Soviet Union and the Finnish trade unions, which are wedded to the welfare state. The new Premier announced: "We shall continue Finland's policy of friendship with all nations, especially with the Soviet Union...
...fellows (college degrees not required) may be sent to ranches to learn about raising cattle; some will go to farms, others to corporations, and some to colleges and universities. At the same time, some Americans will be sent abroad-to study housing in Sweden, or the cellulose industry in Finland, or jets in Britain...