Finland's Prime Minister Blames Apple for Its Economic Downturn [Video]

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Posted October 13, 2014 at 4:38pm by Shalom Levytam

Finland's Prime Minister Alexander Stubb told CNBC that Apple is to blame for the demise of its two biggest industries, leading to the economic downturn and ratings downgrade of the country.

"We have two champions which went down," Alexander Stubb told CNBC Monday. As well as the technology firm Nokia, he explained that the paper industry in Finland had fallen on hard times. Finland is a key production site for Europe's biggest paper producers, UPM-Kymmene and Stora Enso. The sector is also crucial for the country's economy.

"A little bit paradoxically I guess one could say that the iPhone killed Nokia and the iPad killed the Finnish paper industry, but we'll make a comeback."

Stubb remains positive on the industries, noting that out of dire times comes innovation.

"Forest is coming back in terms of bio energy and other things. And actually a new Nokia is emerged in terms of (Nokia) Networks," he said. "Usually what happens is that when you have dire times you get a lot of innovation and I think from the public sector our job is to create the platform for it."

Take a look at the video below...

[via Andre]

[Flash]

Finland's Prime Minister Blames Apple for Its Economic Downturn [Video]

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finnish - October 14, 2014 at 11:52am

Stubb is surprisingly well aware of the current state of technology and statements like this can be easily turned for the worse by news sources like iClarified. This is quite ridiculous headline made for clicks, yet again. iPhone in this case equals to smartphones in general, not Apple. Nokia killed itself by being late in everything after the smartphone revolution. iPad in this case is the electronic paper industry in general, which not by any means killing paper at all yet. It's not blaming, it's a fact that Nokia didn't keep up and it's them to blame. It is also not a reason for the Finnish economic downturn.

true - October 14, 2014 at 11:59am

I guess the main word here is the "paradoxically" which is easy to skip to get the sensational headline... And it seems most of the readers like not see that word either..

Dante1984 - October 14, 2014 at 3:36am

Nokia killed itself, guess it didn't get the memo. Innovate, or die.

smate333 - October 14, 2014 at 2:57am

its not like Nokia had tremendous advantage that they've totally neglected and instead went to shit

Ren - October 13, 2014 at 6:16pm

And whos gonna get blame for my death?

Techno - October 13, 2014 at 5:55pm

The mobile phone killed the majority of use of the home phone, home entertainment killed the mamas and papas video game shops. DVD killed VHS and so on... Finland died because it can't keep up with technology...horse drawn box is outdated and they didn't get the memo.

The Watcher - October 13, 2014 at 5:18pm

So... Finland is Europe's version of Detroit??? This is simply a case of Technological Evolution... I should know... My first job was as a Typewriter Repairman... ;-)

tony kaye - October 13, 2014 at 7:05pm

Actually, Greece is Europe's Detroit

smate333 - October 14, 2014 at 2:54am

actually your mother is Detroit

Bill - October 13, 2014 at 5:02pm

Lets be honest here Nokia killed Nokia

Gern Blansten - October 13, 2014 at 4:53pm

Well he was born on April 1st...