(b. 25 Nov. 1923).
Finnish President 1982–91Born in Turku, the Social Democrat (from 1947) became a successful banker, which prepared him for the post of Minister of Finance (1966–7, and 1972). In this position, and as President of the Bank of Finland (1968–82), he advocated a tight monetary policy. He served as Prime Minister in 1968–70, and 1979–82. As interim President from 1981 and elected President from 1982, he continued Kekkonen's policy of neutrality, and in 1983 renewed the Finnish‐Soviet friendship treaty for a further twenty years. Re‐elected in 1988, he resigned in 1991 amidst the country's worst economic crisis since World War II.
Subjects: Contemporary History (Post 1945).