Finland to reject EU's Reconstruction Fund as it stands

The Finnish government announced on Thursday the rejection of the European Commission project on the EU Reconstruction Fund project. Other member states also have many reservations, and Central European countries would like more funds for less prosperous EU countries. Finns are ready for further talks. However, they set the conditions. The most important of these is the structural change of the EU FO, i.e. a reduction in grants and an increase in loan amounts.

The Sanna Marin's government is also calling for a reduction in the overall amount allocated to the resolution fund, a reduction in its duration and a reduction in the repayment time of loans needed to finance it.

At the meeting of the Committee of Permanent Representatives of EU member states to the Council in Brussels (COREPER), several countries: Bulgaria , the Czech Republic , Lithuania , Slovakia , Slovenia and Hungary, appealed for the allocation of the majority of the proposed EU Reconstruction Fund to less wealthy member countries. Poland may be one of the largest beneficiaries of the EU Reconstruction Fund.

(EURACTIV)