Wednesday

27th Jul 2016

Ticker

Croatia told to reduce budget deficit by EU

Croatia must halve its budget deficit in three years or face sanctions, the EU stated Tuesday. Croatia's deficit is expected to reach 6.4% this year, double the bloc's 3% stability pact limit. The EU's newest member has been set a 4.6 % target in 2014 and 2.7% for 2016.

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