They have less room to buffer sharp increases in their cost of living through savings or affordable loans. Secondly, it's worth highlighting that Finnish households have more debt than ever before, in the face of fast-rising interest rates. For decades Finnish households have constantly accumulated debt in relation to their income.
The European Commission estimates that a digital single market would create an additional 3.8 million jobs in Europe and increase EU-28 GDP by 4%. Neither the euro-area member states nor the other European countries are in any economic condition to brush aside such a positive impact on their economies. 3.