Finnish Finance Minister Eero Heinaluoma, whose country holds the six-month rotating EU presidency, urged member states to get their public finances in order now that the economic recovery is underway. After chairing the monthly meeting of EU finance ministers, Heinaluoma said the revised stability and growth pact is working well. But he added: "We are now living (in) good economic times and therefore have the possibility also to improve budget stability." He said that "it is important that these good times are used to our advantage". EU economic and monetary affairs commissioner Joaquin Almunia echoed the minister's call. "We are now in a good position to strengthen the recovery with sound public finance policies," Almunia said. Heinaluoma confirmed that ministers ended excessive deficit measures against Cyprus and agreed that no further disciplinary action against Portugal is required. He also confirmed that ministers gave final approval to the entry of Slovenia to the euro zone from Jan 1. Almunia welcomed the decision on Slovenia, but warned the country's government to show vigilance in combating inflationary pressures. Slovenia will be the 13th country to adopt the euro and the first of the EU's 10 new member states to do so.