Public finance concerns Even though the state of Finnish public finances is better than in many other European countries, there has been a clear deterioration. General government deficit has increased considerably. The debt level looks likely to exceed the 60% level soon, perhaps next year, unless new consolidation measures are imposed.
The banks and other financial institutions could not operate efficiently under conditions where the legislation, supervision and regularization systems keep changing too often. It is important that dealing with this topic remains in the hands of the supervisory authorities – the Israel Securities Authority, the Supervisor of the Capital Market and Insurance, and the Supervisor of Banks.