Finland tried to fix the gap in public finances.

Finland on Friday unveiled a plan aimed at . Repair gaps in the financial growth of the public and to promote growth in the Nordic countries have seen increasing debt and a sluggish economy dent his reputation as a financial center in the Eurozone.

Finland is the only country continues to maintain credit ratings . Third and Trends Stable among the 17 eurozone members , but its influence has waned as the public finances deteriorate on Friday, Standard & Poor decreased Rating Credit Rating of the Netherlands by one notch to AA + , one . in Finnish colleagues in the " core" of the eurozone.

Plans 28 new pages of the Finnish Prime Minister Jyrki Katainen proposed slate broad changes to slim down one of the strongest safety nets in the social world of the proposed changes , including closing some schools, secondary move. elderly in nursing facilities, home care , and both interesting and . incentivizing Unemployed to seek work

Measures have been proposed as Finland's population ages and the pool of high-paying jobs dwindles down the facts of the industry , including paper and the collapse of Nokia Corp. NOK1V.HE -0.67% from its position at one time . dominant in mobile communication technology economy crimped length depends exports , manufacturing and telecommunications industries .

Finnish economy The eighth largest among 17 members of the common currency as a player . Relatively small In the global economy ( output in 2012 to 7% of annual national output of Germany ) remains one of the strongest economic times and strict adherence to the fiscal rules of the European Union . Enabled To play outsized role in shaping the policy response to the European debt crisis .

During a press conference Friday afternoon , Mr. Katainen was appointed in 2011, said he hoped that his country "can maintain our status " is AAA , but said the decision is ultimately up to the companies that score, " our work. Finland is to protect . "

Until recently, Finland is known as debt levels very low, but the confluence of headwinds created the structure of the funding gap, the government estimates will hit 4.7 % compared to the output of the Finnish National 2017 if not . action

Curbing a local government to promote the supply of labor and increase productivity in the service of public debt as a measure aimed at closing this gap but Mr Katainen said he was prepared to do more, " If these measures do not suffice us. will take new measures . "

Loss Competitiveness weigh heavily on the export of Finnish economy , the government has calculated that Finland has a population of 5.4 million , has lost 100,000 jobs in manufacturing traditional in the last 10 years, the Nokia one cut about 10,000 positions in Finland. the past five years

To attract new investment in the Finnish government decided to lower the corporate tax rate of 20 % in Finland, 24.5 % in 2014, the government has started to take other measures to attract the interest of foreign companies in Finland.

Google Inc. , GOOG -0.33% , for example, has plowed $ 1.1 billion into a new data center to be built in the paper mill closed in the small Finnish town located on the coast. Of the Baltic Sea

But overall decline in exports and revenue from a flat tax has led to a rapid increase in public debt ratios of Finland's public debt to GDP increased to 58.4 % from the low of 33.9 % . at the start of the financial crisis in 2008 .

Likely to be held after the Finnish government 's efforts to reduce its budget deficit and earlier. In November The European Commission said that the risk of the Finnish 2014 budget will violate financial regulations of the European Union put in the same category with weak European countries of Finland on the remote itself , such as Spain and Italy.

Finland tried to fix the gap in public finances.