Brussels to pursue Greece and Hungary for breaking euro rules

The European Commission is set to pursue disciplinary proceedings against Hungary and Greece for breaking the rules underpinning the euro, according to media reports.

The budget deficits of both these countries clearly surpasses the three percent limit set by the EU's Stability and Growth Pact and the Commission will rule today (22 December) that they have not taken sufficient measures to reduce them, according to AFP.

However, Brussels is expected to suspend disciplinary proced...