Finnish politics have sunk plans for 40 million euros in government funding to go towards a new Guggenheim branch.

Reuters: A plan to build a Guggenheim museum on the Helsinki waterfront - joining the likes of those that grace New York, Bilbao and Venice - appears close to collapse because of a political row.

It's all about money and austerity. The co-ruling nationalist Finns party has blocked state aid for its construction.

Presented in 2012 by the Solomon R. Guggenheim Foundation, the 120-140 million euro ($134-$156 million) plan has faced resistance from many Finns who consider it a waste of taxpayer money...