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Image header Agence Europe
Europe Daily Bulletin No. 10640
ECONOMY - FINANCE - BUSINESS / (ae) ecofin

Cohesion funding available again for Hungary

Brussels, 22/06/2012 (Agence Europe) - On Friday 22 June, the ECOFIN Council decided to suspend the legal proceedings against Hungary that have put on hold nearly €500 million-worth of funding from the European Cohesion Fund for Hungary in 2013. As suggested by the European Commission (see EUROPE 10623), it believes that the Hungarian government has taken measures to correct its excess deficit for 2012. The 2004 legal proceedings against Hungary remain open, however, for its excess budget...

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