EU Adds Finland to List of Nations Breaking Its Fiscal Rules

The European Union is preparing to add Finland to the list of member states in breach of its fiscal rules after the government in Helsinki failed to rein in a shortfall in public finances.

Finland already in 2024 exceeded the 3% of gross domestic product threshold set for public deficits and plans to breach it again in 2025, the European Commission said on Tuesday, adding it will propose opening an excessive deficit procedure and making recommendations for corrective measures.