In his harshest criticism so far, monetary affairs commissioner Joaquin Almunia has suggested Hungary may lose EU structural funds if it does not curb its skyrocketing budget deficit.
Mr Almunia confirmed after meeting EU finance ministers on Tuesday (8 November) that Brussels is considering cutting Hungary's infrastructure handout if Budapest does not tackle its 6.1 percent budget deficit.
The commissioner stated after a meeting with EU finance ministers that both the European Co...
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