The European Commission ruled on the public finances of four member states on Wednesday (27 January), deciding to grant Malta and Lithuania an extra year to bring their deficits into line.
Hungary and Latvia were denied this privilege however. Both countries have had to turn to the International Monetary Fund and the European Union for bailouts as a result of the financial crisis, but the commission said they are now making progress in improving the health of their accounts.
Und...
Back our independent journalism by becoming a supporting member
Already a member? Login here