PM: Finland “cannot accept” EU’s coronavirus recovery budget – News Now Finland

President of the European Council Charles Michel holds video meeting with EU27 leaders, Brussels, 19th June 2020 / Credit: Commission

Prime Minister Sanna Marin (SDP) says Finland “cannot accept” the European Commission’s budget proposals for a recovery package to boost the 27-nation block’s economy in the aftermath of the coronavirus crisis.

“Finland takes a constructive approach to the debate on the recovery instrument, as Europe’s rapid recovery from the crisis is also in Finland’s interest” says Marin.

“However we cannot accept the Commission’s proposal as it stands, and changes are needed in many respects” she adds.

The Prime Minister made her comments after a Friday video conference with other EU leaders about the EU’s plans to set a €750 billion budget to recovery from the coronavirus pandemic.

Finland wants to see the size of the overall budget reduced and more money given in the form of loans (which of course have to be paid back by EU Member States) rather than grants.

Other countries including Sweden, Denmark, Austria and Netherlands have also been critical of the size of the budget, which has €500 billion earmarked as grants, and

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