Finland state

Finland opposes new shared EU debt –

Finland, in favor of respect for the rules and coordination of the EU internal market, opposes new shared debt of the EU to fight against inflation and the energy crisis, said the Minister for European Affairs Tytti Tuppurainen.

Uncoordinated national support for businesses could disintegrate the internal market, the consequences of which would be “a disaster” for a small economy like Finland, Tuppurainen told media on Saturday.

She added that there should be room to support businesses and citizens, although this should be done carefully and in a coordinated way.

The Minister also placed Finland in strong opposition to plans to launch a new common EU debt described in the Corriere della Sera diary of European Commissioner for the Economy Paolo Gentiloni and Commissioner for the Internal Market Thierry Breton.

Instead, Tuppurainen seemed to favor using COVID-19 recovery funds, but also for other purposes.

With regard to Germany’s announcement that it would use debt worth 200 billion euros to help alleviate the current energy crisis, Finland, like many other EU states, is still on the fence, although Tuppurainen described spending on energy investments to cut ties with Russian gas imports or help households as something entirely “acceptable”.

(Pekka Vantinen |