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Economy Politics Country 2026-01-21T04:28:57+00:00

EU Opens Deficit Procedure Against Finland

The EU Council has decided to launch an Excessive Deficit Procedure against Finland for exceeding budget deficit limits. The country is required to take corrective action.

EU Opens Deficit Procedure Against Finland

The Council of the European Union decided on Tuesday to open an Excessive Deficit Procedure (EDP) against Finland under the Stability and Growth Pact. This step was taken due to Finland exceeding the established deficit limits. The country is now required to take corrective measures to address its fiscal situation.

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