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flag The EU plans to launch a deficit penalty process against Finland for exceeding its 3% debt limit, requiring corrective actions by 2026.

flag The European Commission plans to propose in December initiating an excessive deficit procedure against Finland, as its deficit is projected to exceed the EU’s 3% of GDP limit, according to Finland’s Ministry of Finance. flag The move follows Finland’s failure to meet fiscal rules despite a prior national escape clause for defense spending, now deemed inapplicable for 2025. flag The procedure, if adopted, would require Finland to adopt corrective measures by 2026, with potential sanctions for non-compliance.

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