HELSINKI (Reuters) - Finland's weak economy mean its government may have to cut spending further over the next few years to stop national debt levels exceeding EU limits, Prime Minister Alexander Stubb told Reuters.
The small Nordic economy, whose strong exports and government finances were once hailed as a model for the euro zone, is now in its third year of recession. Shrinking revenue and output is bringing it close to the European Union debt ceiling of 60 percent of gross domestic product (GDP).
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
