elected Prime Minister Juha Sipilä. Stubb has demanded "structural reforms, structural reforms and more structural reforms". In November 2015, Stubb said at the Finnish Parliament that about 90 percent of the Finnish authoritatives supported introduction of administrative registration. However, it was revealed that in reality only about 10 percent of them supported it. Stubb's term as Minister of Finance drew criticism due to his perceived insensitivity towards the effects of the spending cuts he introduced, which affected the Finnish welfare state and public education system. An instance of Stubb and Sipilä bumping fists after the end of a conference that announced a deal between Finnish trade unions and the Confederation of Finnish Industries was interpreted as a sign of mockery towards the trade unions. In November and December 2015, Stubb was in the middle of a scandal when he was accused of lying to Finnish Parliament consistently and deliberately. In November, Stubb had said to Parliament that 90 percent of the experts who had given a statement were supporting the government's pact to make it possible for Finns to own publicly listed companies' stock through nominee accounts. The real number was 10 percent, opposite of what Stubb had said. Chancellor of Justice Jaakko Jonkka received multiple complaints over Stubb. In his reply, Jonkka stated that Stubb's mistake in numbers wasn't deliberate, but was rather an unfortunate, whilst understandable, result of a fast-paced discussion over a policy draft. Partly as a result of a series of Stubb's gaffes, such as insensitive tweets, in spring 2016, MP Elina Lepomäki and Minister of Interior Petteri Orpo announced that they would challenge Stubb in June's party conference. On 11 June Stubb lost the election against Orpo, who became the new leader of the National Coalition Party. Orpo soon announced that he would take Stubb's seat as the Minister of Finance. In return, he offered Stubb the role of Minister for European Affairs and Foreign Trade, but Stubb declined and decided to continue as a Member of Parliament. After Finnish politics On 15 June 2017, Stubb was chosen as the Vice-President of the European Investment Bank, after the previous representative from Finland Jan Vapaavuori had vacated the seat. He left his duties in the Parliament on 30 July 2017 in order to assume his new position. Stubb later commented that he had no interest in returning to the Finnish politics, but could be interested in