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Image header Agence Europe
Europe Daily Bulletin No. 10184
GENERAL NEWS / (eu) eu/economy

No assistance to Hungary's balance of payment loan for time being

Brussels, 19/07/2010 (Agence Europe) - On Saturday 17 July, the European Commission announced that it had suspended consultations with Hungary on the 2008 aid programme to the country, to enable the latter to overcome the financial crisis. As long as the assessment remains incomplete, Hungary will not be able to access assistance to the balance of payments loan - €1 billion out of a total amount of €6.5 billon. Up to now Hungary has received three instalments of the EU €6.5 billion...

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