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Hungary must get its budget deficit in order by 2009, says the European Commission (Photo: European Commission Audiovisual Library)

Brussels endorses Hungary's deficit cut plans

The European Commission on Tuesday (26 September) backed Hungary's programme of austerity measures to try and get its economy back on track, but said that it wants "rigorous implementation" of the plans.

"After repeatedly warning about large budgetary slippages, the commission takes note of the commitment by the Hungarian government to bring its public finances back on a sound footing," EU monetary affairs commissioner Joaquin Almunia said.

"We will continue to closely monitor the...

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Hungary must get its budget deficit in order by 2009, says the European Commission (Photo: European Commission Audiovisual Library)

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