1. yle.fi
  2. Uutiset
  3. Yle Uutisten artikkeliarkisto

Katainen: automatic sanctions for EU budget discipline offenders

Prime Minister Jyrki Katainen says Finland would be willing to sign up to automatic sanctions against EU members whose deficits go over 3 percent of GDP.

Kuva: YLE / Mika Moksu

Katainen did not comment further on proposals put forward by France and Germany on how to solve the eurozone debt crisis. The Prime Minister made his comment after attending a meeting of the Parliamentary Grand Committee which handles EU affairs.

Speaking to YLE, the Prime Minister again called for a greater role for the IMF in solving the crisis.

In parliament on Monday, opposition parties’ emphasized Finland should not take on any additional responsibilities to handle the euro zone debt crisis.

German Chancellor Angela Merkel and French President Nicolas Sarkozy gave their backing on Monday for tougher budgetary rules including automatic sanctions against EU member states whose deficits exceed three percent of GDP.