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Croatia told to reduce budget deficit by EU

28.01.14 @ 17:47

  1. By EUOBSERVER

Croatia must halve its budget deficit in three years or face sanctions, the EU stated Tuesday. Croatia's deficit is expected to reach 6.4% this year, double the bloc's 3% stability pact limit. The EU's newest member has been set a 4.6 % target in 2014 and 2.7% for 2016.