Finland must continue public finance consolidation, says Olli Rehn
Updated
Updated · Bloomberg · May 2
Finland must continue public finance consolidation, says Olli Rehn
6 articles · Updated · Bloomberg · May 2
Speaking on YLE TV1 on Saturday, the Bank of Finland governor said Finland can no longer avoid or delay tackling its rising public debt.
Rehn added Finland's borrowing costs are in line with those of other heavily indebted European countries, including France.
His remarks underscore concern over debt sustainability and the need for continued fiscal tightening as Finland faces mounting pressure on public finances.
With its credit outlook now negative, is Finland on the verge of becoming the Eurozone's next debt problem?
As Finland slashes spending to curb debt, could austerity actually be crippling its future economic growth?