The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.
Bloomberg
Finland’s ruling coalition came to an agreement on spending plans, averting a collapse of the Nordic nation’s Social Democrat-led government by a thin margin.
The five-party cabinet patched up its differences, forging a common vision of how Finland’s recovery from the pandemic should take place, PM Sanna Marin said. The broad outlines of the deal are now agreed, and the government will continue hammering out the details, she said.
The disagreement over four-year spending limits came to a head on the weekend, bringing the coalition close to a collapse, as tensions within the 2-year old government were exposed. The Center Party sought to drive a hard bargain, pushing for less stimulus than the coalition’s left-leaning members. “There will never be a time of perfect agreement on everything, but finding enough common denominators and remembering the importance of stability, we reached this conclusion,†Center Party leader Annika Saarikko said.