May 12, 2011 / 9:47 AM / in 8 years

UPDATE 1-True Finns won't join govt after clash on bailout

* Eurosceptic True Finns had been seen to join government

* Party leader Soini unhappy with deal on Portugal

* Wants to be the opposition leader

By Jussi Rosendahl

HELSINKI, May 12 (Reuters) - Finland’s eurosceptic True Finns party dropped out of talks to form a new government, its leader said on Thursday after disagreeing with the country’s top two parties over helping bail out Portugal.

The move will not affect Finnish backing on the Portuguese rescue package because the prime minister-elect has secured the backing of the second biggest party and smaller parliamentary groups.

The Finnish parliament’s grand committee will vote on Friday to grant Prime Minister-in-waiting Jyrki Katainen a mandate to back Portugal’s bailout and Katainen will attend a Monday meeting of euro zone finance to approve the 78 billion euro ($112.3 billion) package.

“We will not take part in the government negotiations, with their stance... The views are so different, they aren’t compatible,” Timo Soini, the leader True Finns, the third largest party, told reporters.

True Finns was the only party to increase the number of parliamentary seats it won in April elections after a campaign focused on criticising the European Union’s bailout plans, and was widely expected to join the new government.

The decision to stay out of a coalition marks a rare move in the in the Nordic country’s consensus system.

“We won the election with this line, and we would betray that line if we would change or compromise it. And I do not want any privileges, it would be false,” Soini said.

With the leading National Coalition and second-biggest Social Democratic party holding a combined 86 of the 200 parliamentary seats, any coalition would also be dependent on support from multiple, smaller parties.

“It will be a government of losers,” Soini said. (Editing by Matthew Jones)

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