Finland's public finances not to see any quick improvement

In Finland, a number of structural reforms are in the process. They are targeted at reorganizing the municipal sector and the production of public health and social services.

Public finances in Finland continue to pose a big challenge for many years to come. With the current modest growth outlook, narrowing deficits is demanding, but at least it now looks more manageable than earlier. 

"The future statutory retirement age has already been raised. All these reforms should eventually boost confidence and longer term growth and improve public sector finances, and eventually level out the debt to GDP ratio", says Nordea Bank.