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Analysis: Is the clap the reason to press the panic button, or can the Usa to ignore its sheer shrug?

the Euro countries violate the stability and growth pact rules each turn. On Wednesday, Finland had the EU note the increase in public spending. Finland's publ

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Analysis: Is the clap the reason to press the panic button, or can the Usa to ignore its sheer shrug?

the Euro countries violate the stability and growth pact rules each turn. On Wednesday, Finland had the EU note the increase in public spending. Finland's public spending threaten to grow faster than those of the stability and growth pact, according to the recommendations would be.

the Rules of the slippage in the EU is the rule rather than the exception – partly, perhaps, because the largest member states looked like models reckless infertility in as soon as the common currency at the initial stage. Germany and France broke the last decade repeatedly to the EU's growth and stability pact rules.

on the other Hand, member states are driven to very different economic situations in the euro's existence. For example, the export to the second German surpluses have made the records, while in France and Italy has made in deficit budgets.

Finland turn from just two years ago at the beginning of the commission's collar. Finland was a half year watch list macro-economic imbalances due to.

Penalties only "serious" tort

the Stability and growth pact, the core elements are that the state budget deficit should stay below three percent and government debt below the 60% relative to national product.

Just aniharva country has been able to stick to these limits. Most euro area countries the debt ratio trailing high at 60% above, and has done so for years.

the commission has threatened to offending member states of the EU control have of. Such an excessive deficit procedure has been threatened in recent times, above all, Italy. Right now the procedure is not exceptionally any country.

the commission on Wednesday presented in the report was that none of the 19 euro area countries at risk of economic rules violation was not "serious". If it had been serious, the commission had asked the country concerned to amend budget plans to.

So it worked for Italy last year.

Read more: the EU to tighten its grip on Italy, opens the way to sanctions, the deficit of the budget is why.

no member states have never yet been punished for breaking the rules, because the commission has wanted to interpret them flexibly. Economic and monetary affairs commissioner Pierre Moscovici repeat on Wednesday that member states hear the exact also new reports made.

English said in reply to the commission, that expenditure will grow only one-off in 2020. The purpose is to balance the budget in the coming years.

Next year's spending despite the growth in Finland will also remain clearly above the EU deficit and debt limits below. Therefore, the government can put the commission's jyrähdyksen series "good listed", but "does not cause major measures in this period".

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