Olli Rehn, the European Commissioner for Economic and Monetary Affairs, has expressed his cautious support for the distribution of the belt-tightening measures to be adopted in Finland over a several-year period. “Textbooks on economic policy indicate that you should avoid abrupt adjustments and strive to balance costs gradually in order to minimise any short-term negative effects on growth,” Rehn explained to Helsingin Sanomat on Tuesday.
HS in English
Rehn: Abrupt adjustments should be avoided
On the other hand, the commissioner also underlined that the Finnish Government must display determination and take decisions on structural reforms sooner rather than later.