Finance ministers are on Tuesday expected to approve the freezing of €495 million in funds for Hungary if Budapest fails to bring down its deficit in the coming six months. - the first such move under the EU's strengthened budget rules.
A large majority of member states is said to favour the two formal proposals: One giving Hungary a six-month deadline for "sufficient corrective measures" slashing budget spending by 0.5 percent of the country's gross domestic product, the other setting...
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