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Close-up of euro banknote showing Greece and Italy: states that break the EU's budgetary rules could see funding from Brussels withheld (Photo: Alessandro Marotta)

Tougher budget sanctions to cover all EU funds

EU member states that break the bloc's budgetary rules could see their EU payments withheld, including weighty farm handouts, under plans to be presented by the European Commission this Wednesday (30 June).

Current rules already allow EU cohesion funds to be withheld, although in practice this has never happened, but sources suggest the upcoming communication will seek to widen the net of potential financial sanctions to all EU payments.

Eastern European states led by Poland have...

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Close-up of euro banknote showing Greece and Italy: states that break the EU's budgetary rules could see funding from Brussels withheld (Photo: Alessandro Marotta)

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