HELSINKI, Nov. 25 (Xinhua) -- The European Commission is considering proposing in December the launch of an excessive deficit procedure (EDP) for Finland after determining the country no longer meets the European Union's (EU) deficit rules, Finland's Ministry of Finance said Tuesday.
EU rules require member states to keep their general government deficit below 3 percent of gross domestic product (GDP). Finland exceeded this limit last year and is expected to remain above it in the coming years, according to the Commission's latest assessment, the ministry said.
