The Commission claims that Finland’s budget proposal for next year bears a notable risk of failing to meet economic objectives in the mid-term. In this regard, the Nordic nation has been lumped in the bad books alongside Spain, Italy, Luxembourg and Malta.
The main sticking point for Finland is the proposed increase of public debt above the EU’s 60 percent ceiling.
Meanwhile, EU Commissioner Olli Rehn has warned that the Spanish and Italian situation looks particularly worrying.
Only Estonia and Germany have found themselves in the Commission’s good regard.