The European Commission has warned against a "watering down" of the new system of centralised oversight on national economic planning after the Hungarian EU presidency accused Brussels of steamrolling through the process and leaving no time to assess what is being proposed.
In an angry letter seen by EUobserver, the Hungarian finance minister, Gyorgy Matolcsy, last week blasted the new 'European Semester', under which the commission and the Council give direction to national fiscal poli...
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