Probably because they suck at negotiating anything beneficial for themselves. Finland seems to do very badly in defending its own interest. With no real economic growth for 20 years they should be getting all kinds of support from EU, not end up paying for others…
OggiSbugiardo on
Debt is a crisis measure. It should not be common practice.
While not in emergency we should gradually repay the old debt in full.
Then we can take even more debt in case of emergency.
Olsku_ on
This is just your run of the mill anti-EU grandstanding from a far right party that’s been shedding votes in every single poll since the government was formed. They were happy enough to accept SAFE joint defense spending debt just a few months ago and I’d fully expect them to cave in again the second they can feasibly claim that the additional option for more joint debt is going to be targeted at defense infrastructure.
Godisgumman on
Most EU countries have way to much debt. The solution is not to take on more, but to pay it off! Thank you for listening!!
TaskPsychological397 on
What about rail Baltica it plans to connect itself to, will it help paying?
hmtk1976 on
Paywall 🙄
olim2001 on
Maybe because there own GDP rate is already among the higher ones in the EU. To bad I can’t read the article.
Ok_Relation7695 on
Look I Get the eu solidaritet thing but! Not everyone want to sacrifice there one life for political games… some of us are fine with our country and we don’t want spend that one life living less than we can because eu politicians can’t get their shit together… why should our electricity bills suddenly go up 500-1000% for some shit that has nothing to do with the decisions we make it life. Our politicians need to wake up because they and their supporters are alienating hard working successful people and we are almost out of patience.
calefa on
Here we go again
hmmm_ on
The Euro has a chance to, at least partly, replace the US as the global reserve currency. We need to issue more Euro debt to achieve this.
Any-Original-6113 on
Without new loans, there will be no new projects in Europe
HunterThin870 on
Finland’s economy hasn’t grown past 2008 numbers and the interest on public debt rises slowly. Finland is hesitant about debt because there seems to be too little growth to pay it back.
How to reconcile that it isn’t just free debt and that it is essentially asking fiscally responsible states to guarantee the loans of riskier states.
No one(in essence) would have an issue with Germany or Denmark taking out eurobonds.
However allowing France and Italy to take out large amounts of eurobonds could put the euro at risk of negative moves(and even other non eurobond associated debt).
Interest rates can obviously be seen as cruel as they punch you while you are down but theres also a risk that if eurobonds become more widespread it would allow countries like France to fund their welfare state(in part) on the back of German(and co’s) financial prudence.
Maybe some compromise could be made where if high debt burden countries commit to reducing their debt(with the amount issue tied to progress on that goal) then eurobonds could be issued to help at least reduce the interest burden.
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Probably because they suck at negotiating anything beneficial for themselves. Finland seems to do very badly in defending its own interest. With no real economic growth for 20 years they should be getting all kinds of support from EU, not end up paying for others…
Debt is a crisis measure. It should not be common practice.
While not in emergency we should gradually repay the old debt in full.
Then we can take even more debt in case of emergency.
This is just your run of the mill anti-EU grandstanding from a far right party that’s been shedding votes in every single poll since the government was formed. They were happy enough to accept SAFE joint defense spending debt just a few months ago and I’d fully expect them to cave in again the second they can feasibly claim that the additional option for more joint debt is going to be targeted at defense infrastructure.
Most EU countries have way to much debt. The solution is not to take on more, but to pay it off! Thank you for listening!!
What about rail Baltica it plans to connect itself to, will it help paying?
Paywall 🙄
Maybe because there own GDP rate is already among the higher ones in the EU. To bad I can’t read the article.
Look I Get the eu solidaritet thing but! Not everyone want to sacrifice there one life for political games… some of us are fine with our country and we don’t want spend that one life living less than we can because eu politicians can’t get their shit together… why should our electricity bills suddenly go up 500-1000% for some shit that has nothing to do with the decisions we make it life. Our politicians need to wake up because they and their supporters are alienating hard working successful people and we are almost out of patience.
Here we go again
The Euro has a chance to, at least partly, replace the US as the global reserve currency. We need to issue more Euro debt to achieve this.
Without new loans, there will be no new projects in Europe
Finland’s economy hasn’t grown past 2008 numbers and the interest on public debt rises slowly. Finland is hesitant about debt because there seems to be too little growth to pay it back.
FRANCE NATIONAL [DEBT](https://www.ceicdata.com/en/indicator/france/government-debt–of-nominal-gdp): 110%
ITALY NATIONAL [DEBT](https://www.ceicdata.com/en/indicator/italy/government-debt–of-nominal-gdp): 135%
That’s what we should be talking about.
How to reconcile that it isn’t just free debt and that it is essentially asking fiscally responsible states to guarantee the loans of riskier states.
No one(in essence) would have an issue with Germany or Denmark taking out eurobonds.
However allowing France and Italy to take out large amounts of eurobonds could put the euro at risk of negative moves(and even other non eurobond associated debt).
Interest rates can obviously be seen as cruel as they punch you while you are down but theres also a risk that if eurobonds become more widespread it would allow countries like France to fund their welfare state(in part) on the back of German(and co’s) financial prudence.
Maybe some compromise could be made where if high debt burden countries commit to reducing their debt(with the amount issue tied to progress on that goal) then eurobonds could be issued to help at least reduce the interest burden.