European Parliament Library

Finland, 2010 Article IV Consultation - Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Finland, International Monetary Fund

Owing to the high dependence of its exports on countries and commodities, Finland experienced the worst recession in the euro area. Executive Directors encouraged authorities to focus on improving bank cost efficiency, preventing excessive risk taking, and limiting liquidity and funding risks. Directors welcomed the establishment of the Nordic-Baltic Stability Group, and stressed the need to strengthen the effectiveness of cross-border supervision and crisis management arrangements. Directors welcomed structural reforms and also emphasized the need of a strong fiscal consolidation to secure fiscal sustainability
Table Of Contents
Cover; Executive Summary; Contents; I. Economic Situation and Outlook; Boxes; 1. Cross-Border Spillovers; 2. Macro-Financial Linkages; 3. External Competitiveness; II. Policy Discussions; A. Maintaining Financial Stability; B. Fiscal Policy; C. Structural Reforms; D. Exit Strategy; III. Staff Appraisal; Tables; 1. Main Economic Indicators, 2004-11; 2. Indicators of Financial Vulnerability, 2005-10; 3. General Government Accounts, 2007-11; 4. Balance of Payments, 2005-11; 5. Net International Investment Position, 2001-09; 6. Trade by Regions and Countries, 2009
Literary Form
non fiction
First edition.
Description based upon print version of record
Physical Description
1 online resource (96 p.)
Specific Material Designation
Form Of Item

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