Finland Agrees on Austerity as Iran War Seen Postponing Recovery

Finland’s government agreed on a package of €520 million ($609 million) in austerity measures as it hammered out a four-year fiscal plan for the European Union nation with the fastest-worsening public finances.

The war in the Middle East will delay Finland’s economic recovery, with high oil prices weakening external demand and households’ purchasing power, hampering the growth of both exports and private spending, the government said.