The Finnish parliament passed the expanded powers of the European Financial Stability Facility, in a step to implement the agreement by European leaders on July 21, where Finish lawmakers voted 103 against 66 to expand the Facility.

The implementation of the expansion would be in terms of increasing the quantity of the funds to 440 billion euro, compared to the previous of 250 billions, providing funds for bank recapitalization and finally buying bonds in the secondary market along with making credit lines to the euro zone members.

Finland's contribution will amount 13.97 billion euros now, compared with 7.9 billions before.