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The European Commission has recommended an excessive deficit procedure against Finland, highlighting its budget deficit of 4.5% of GDP and high unemployment. The Commission warned that Finland and eight other countries, including Spain, Hungary, Malta, and the Netherlands, risk formal reprimands if they do not comply with EU fiscal rules by June 2026. Valdis Dombrovskis emphasized the need for compliance, while Germany avoided sanctions by increasing defense spending partly due to pressure from Donald Trump, and the Commission indicated possible fines during the next budget reviews.

#Finland

#Helsinki

#Netherlands

#Malta

#Hungary

#Spain

#ValdisDombrovskis

#EuropeanCommission

#DonaldTrump

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The European Commission has recommended an excessive deficit procedure against Finland, highlighting its budget deficit of 4.5% of GDP and high unemployment. The Commission warned that Finland and eight other countries,...

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