Finnish fiscal policy meets EU transparency standards

  • 2010-02-27
  • Helsinki Times

Finland's debt management tactics resemble Greek counterparts but are deemed acceptable by analysts.

Besides the securitisation scheme which transferred debt, Finland also counted private pension funds as public, thus making government finances look even better. Finland was increasing its reportable assets and decreasing its reportable debt.

Although controversial, some economists are forgiving of Finland's methodology. Tarmo Valkonen, head of the public finance and economy policy division at the Research Institute of the Finnish Economy ETLA, ...

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