login
login

Europe Daily Bulletin No. 10559

23 February 2012
Contents Publication in full By article 11 / 34
SECTORAL POLICY / (ae) cohesion
Budapest risks seeing one third of its cohesion fund suspended

Brussels, 22/02/2012 (Agence Europe) - The noose is tightening around Hungary. The country has now been threatened with having to say goodbye, next year, to €495 million provided by the structural funds, if the country's public deficit remains above the limit of 3% of GDP in 2012. This was the threat brandished by the European Commission on Wednesday 22 February, on the basis of unprecedented yet proportionate methodology. Although it has been presented as a carrot rather than a stick, the...

Contents

ECONOMY - FINANCE - BUSINESS
SECTORAL POLICY
EXTERNAL ACTION
INSTITUTIONAL
COURT OF JUSTICE OF THE EU
SUPPLEMENT