Iiro Viinanen

Iiro Viinanen
Minister of Finance
In office 26 April 1991 – 2 February 1996
Prime Minister	Esko Aho Paavo Lipponen
Preceded by	Matti Louekoski
Succeeded by	Sauli Niinistö
Member of the Finnish Parliament
In office 26 March 1983 – 29 February 1996
Constituency	Häme
Personal details
Born	(1944-09-27) 27 September 1944 Kuopio, Finland
Political party	National Coalition Party

Iiro Viinanen (born 27 September 1944, in Kuopio, Finland) is a Finnish politician. Viinanen graduated as an engineer from a Tampere Institute in 1967 and as a Master of Science (Technology) from the Helsinki University of Technology in 1974. He was a Member of the Parliament of Finland (Eduskunta) from 1983 to 1996. He was a member of the National Coalition Party. He served as the Finland’s Minister of Finance from 1991 to 1996.

During his term as minister, Finland went through its worst recession in history. As Finland’s Minister of Finance in the Aho Cabinet, he led a strict budget discipline and austerity measures. He stated that if government spending wasn’t cut, Finland would no longer be able to borrow money in foreign exchange reserves. Reactions towards his political actions caused either strong approval or strong disapproval. Some felt that he had saved the Finnish treasury and some felt that he had ruined the Finnish welfare state.

In 1996 he was appointed CEO of the then called Pohjola Insurance. At the end of the 1990s, he became a board member of Nokia, Kone, UPM, YIT, Finnair, and Orion. He served as a vice-chairperson of Nokia from 1996 to 2000.

He was diagnosed with Parkinson's disease in 2000, forcing him to retire from politics.