From Newsgroup: rec.sport.tennis

BRUSSELS, Nov 25 (Reuters) - The European Commission on Tuesday proposed disciplinary action against Finland for running too high a budget
deficit that cannot be fully explained by higher defence spending.

Under EU rules, governments cannot run budget deficits of more than 3%
of national output. If they do, finance ministers, on a recommendation
from the Commission, set a deadline for its reduction. Repeated failure
to comply could result in fines.

Because of the perceived threat of a Russian attack, the Commission has allowed all European Union member states to spend an extra 1.5% of GDP
on defence without it being included in the excessive deficit calculation.

Despite what the EU calls the national escape clause, Finland's 2025
deficit was still too high, the Commission said.

Finland, which is grappling with , rising joblessness and strained
public finances, had a budget gap of 4.4% of GDP in 2024. This is
expected to rise to 4.5% of GDP this year, remain at 4.0% next year and
ease only to 3.9% in 2027, unless policies change.

"The Commission's assessment did not come as a surprise, as FinlandrCOs
public finances have continued to deteriorate," the country's finance
minister Riikka Purra said in a statement, adding that the work to
adjust public finances would continue over several parliamentary terms.

The export-dependent economy has struggled since the phone business of
Nokia, once Europe's most valuable company, collapsed in 2014. More
recently, sanctions on neighbouring Russia have hit exports and tourism
[*], while global trade uncertainty is also having an impact [**].

Germany, which is set to have a deficit of 3.1% this year, 4.0% in 2026
and 3.8% in 2027, is also above the 3% limit, but the Commission said
all of the excess was explained by increased defence spending, so no disciplinary steps would follow.

https://www.reuters.com/business/eu-commission-plans-action-against-finland-over-excessive-deficit-2025-11-25/

*) Russian tourism was killed by the hysteria about the Russian border.
Super secwet government intelligence nobody was allowed to see showed
there was milliuns and milliuns of Iraqis waiting to hop across the
border from Russia to Finland. Finnskies closed the border all by
themselves. Njet tourism. Another stroke of genious.

**) But everyone else has seen growth. There must be something else
other than "uncertainty". And there sure is. "riikka", for one.

Even those projections for the deficits of near future are bollocks. The
Orpo & "riikka" government promised that the rate of growth for the
deficit would reach its peak in 2027. By those numbers, it lloks as if
that would materialise. But that 2027 number is a result of accounting shenanigans with the sole purpose of making it more likely that they delivered. The shenanigans will show up in deficits after 2027. So that "riikka" can say that the next government is to blame.

Lol. You deserve who you vote for.
--
"Cough cough"
-- Suzanne Lenglen

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From Newsgroup: rec.sport.tennis

Pelle Svansl||s kirjoitti 25.11.2025 klo 21.53:

BRUSSELS, Nov 25 (Reuters) - The European Commission on Tuesday proposed disciplinary action against Finland for running too high a budget
deficit that cannot be fully explained by higher defence spending.

Under EU rules, governments cannot run budget deficits of more than 3%
of national output. If they do, finance ministers, on a recommendation
from the Commission, set a deadline for its reduction. Repeated failure
to comply could result in fines.

Because of the perceived threat of a Russian attack, the Commission has allowed all European Union member states to spend an extra 1.5% of GDP
on defence without it being included in the excessive deficit calculation.

Despite what the EU calls the national escape clause, Finland's 2025
deficit was still too high, the Commission said.

Finland, which is grappling with , rising joblessness and strained
public finances, had a budget gap of 4.4% of GDP in 2024. This is
expected to rise to 4.5% of GDP this year, remain at 4.0% next year and
ease only to 3.9% in 2027, unless policies change.

"The Commission's assessment did not come as a surprise, as FinlandrCOs public finances have continued to deteriorate," the country's finance minister Riikka Purra said in a statement, adding that the work to
adjust public finances would continue over several parliamentary terms.

The export-dependent economy has struggled since the phone business of Nokia, once Europe's most valuable company, collapsed in 2014. More recently, sanctions on neighbouring Russia have hit exports and tourism
[*], while global trade uncertainty is also having an impact [**].

Germany, which is set to have a deficit of 3.1% this year, 4.0% in 2026
and 3.8% in 2027, is also above the 3% limit, but the Commission said
all of the excess was explained by increased defence spending, so no disciplinary steps would follow.

https://www.reuters.com/business/eu-commission-plans-action-against- finland-over-excessive-deficit-2025-11-25/

*) Russian tourism was killed by the hysteria about the Russian border. Super secwet government intelligence nobody was allowed to see showed
there was milliuns and milliuns of Iraqis waiting to hop across the
border from Russia to Finland. Finnskies closed the border all by themselves. Njet tourism. Another stroke of genious.

**) But everyone else has seen growth. There must be something else
other than "uncertainty". And there sure is. "riikka", for one.

Even those projections for the deficits of near future are bollocks. The Orpo & "riikka" government promised that the rate of growth for the
deficit would reach its peak in 2027. By those numbers, it lloks as if
that would materialise. But that 2027 number is a result of accounting shenanigans with the sole purpose of making it more likely that they delivered. The shenanigans will show up in deficits after 2027. So that "riikka" can say that the next government is to blame.

Lol. You deserve who you vote for.

Actually the deficit is Marin's fault. Increased debt & bloated public
sector & SOTE. Also the left have favoured immigration policies (at
which Orpo is not much better really) which are destructive to the
economy & society in general.

Also, it was Marin who quit business with Russia. Anyway this would
probably have happened during any gov. Finnish left is especially
brilliant at shooting their/our own foot citing human rights, carbon
sinks, international treaties etc nonsense.

Pretty sure the answer from the left when they get in power will be to
raise taxes even more.
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