Greece is one step away from being the first member state to face huge fines for breaking the EU's Stability and Growth Pact - the rules underpinning the euro.
Finance ministers meeting on Thursday (17 February) in Brussels decided to give Greece until the end of next year to reduce its budget deficit below the threshold of three percent of gross domestic product (GDP).
If Athens fails to achieve this, it could be fined up to 0.5 percent of its GDP - roughly 500 million euro. <...
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