Finland Blames Apple for Economic ProblemsFinnish PM Alexander Stubb links the tech giant's success to the downfall of the country's major export industries.

ByNina Zipkin

Apple has recently come under fire for"Bendgate"and"Hairgate."Now, the company is being blamed for more a more serious matter: Finland's troubled economic standing.

今天早上在CNBC,芬兰总理Alexander Stubbpointedto Apple as a major reason for the decline of the country's largest export industries – paper and IT/mobile, and in particular, Apple's effect on the outlook for cell phone maker Nokia. A former leader in the space, the company's device and services business was officially acquired by Microsoft last spring. "Paradoxically, one could say that the iPhone killed Nokia and the iPad killed the paper industry, but we'll make a comeback," said Stubb.

Related:Sick of Apple? Check Out Carrot, a Wireless Vegetable That's Exactly What the Name Suggests.

It's not often that you see a single company blamed for the economic struggles of an entire country. But Stubb, who was installed as prime minister at the end of June, has put Apple in the scapegoat position before. In July, heremarkedat a press conference in Stockholm, "Steve Jobs took our jobs, but this is beginning to change."

Last week, financial rating service Standard and Poor's downgraded Finland's sovereign debt rating to AA+ from AAA, bringing Stubbs opinions of Apple's impact on the Finnish economic state once again to the fore. StubbtoldBloomberg he foresees it taking as long as four years for the country's ranking to get bumped back to AAA.

Related:Icahn Urges Apple to Buy Back More Shares

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Nina Zipkin

Entrepreneur Staff

Staff Writer. Covers leadership, media, technology and culture.

Nina Zipkin is a staff writer at Entrepreneur.com. She frequently covers leadership, media, tech, startups, culture and workplace trends.

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