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Subject
Finland's new government.
Significance
Over the next six months, Finland’s new five-party government will be fighting on two fronts: it seeks to increase government spending in areas such as welfare and climate change at home, and simultaneously use its six-month term in charge of the EU presidency to support ambitious international reforms related to climate change.
Impacts
The government’s failure to deliver targets could bring the right-wing populist Finns Party to power in the next election.
The implementation of 'sin taxes' could backfire, with studies suggesting that they hit the working class most in the immediate term.
Selling company holdings to increase government revenue could create distrust between unions and the left-wing parties in government.
Keywords:
Finland,
EUR,
EU,
economy,
industry,
international relations,
politics,
social,
election,
fiscal,
government,
legislation,
party,
climate,
coal,
employment,
foreign policy,
gas,
immigration,
infrastructure,
pensions,
welfare,
Fossil fuels,
Renewable energy
© Oxford Analytica 2020. All rights reserved. This content contains general information about geopolitical, macroeconomic and social developments or (where stated) other matters. It does not contain advice or recommendations that may be relied on. Where links to external websites are provided, this does not indicate that Oxford Analytica or Emerald agree with, endorse or have checked for accuracy the contents of said sites.
2019
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