HELSINKI – EU recovery package in breach of EU treaties

Ahead of the EU Council summit scheduled for next Friday (19 June), the Finnish parliament’s constitutional law committee, the decisions of which are binding on the government, stated that the European Commission’s recovery package may be in breach of the EU treaties as it isn’t clear whether the EU can borrow money for the allocation of grants.

The Finnish government is finding it increasingly difficult to satisfy the country’s parliament when it comes to the soon-to-be-negotiated EU recovery package.

Although the government has, in principle, taken a positive attitude towards the €750 billion EU recovery package, arguing that such solidarity would also benefit Finnish exports in their main market area, it remains in favour of a smaller package and prefers loans to grants.

To pursue this stance further, the government needs the parliament’s green light.

While the grand committee, which is responsible for EU affairs, has already backed the government, the country’s constitutional law committee stated that the European Commission’s plan may be in breach of the EU treaties. (Pekka Vänttinen | EURACTIV.com)

Subscribe to our newsletters

Subscribe
Contribute