Finnish PM Discusses Finland’s Disagreement Over EU Aid Fund

Finnish Prime Minister Sanna Marin and French President Emmanuel Macron discussed a package of financial assistance to EU countries in connection with the coronavirus pandemic, the Cabinet of Ministers of Finland said.

“On Monday, June 15, Prime Minister Sanna Marin had a telephone conversation with French President Emmanuel Macron, where they discussed a videoconference of members of the European Council to be held on Friday, June 19,” the statement reads.

This will be the first discussion of the European Council on the proposal of the European Commission on a package of restoration measures to deal with the consequences of the COVID-19 pandemic. The recovery package will consist of a revised Multi-Year Financial Framework (MFF), that is, a long-term budget, as well as a new tool for economic recovery.

“In a conversation with President Macron, Prime Minister Marin shared Finland’s key views. Finland cannot agree with the commission’s proposal for a restoration tool as such,” the report said.

As for the multi-year financial budget framework, the main principles of Finland are associated with a moderate overall level of expenditures, financing of agricultural development and the rule of law and the fight against climate change, the Finnish Cabinet said.

Earlier it was reported that the European Commission proposed the creation of a €750 billion fund to restore the EU economy after the coronavirus pandemic. Of the total amount, €500 billion will be provided in the form of grant aid, and €250 billion – as soft loans. The recovery program is designed for the entire next seven-year budget cycle of the European Union – from 2021 to 2027. The European Commission has not only proposed to allocate money, but already outlined their distribution. More than 40% of the total amount is intended to support the two countries of the EU most affected by coronavirus – Italy and Spain.

source: ec.europa.eu

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