Hungary sends EU new austerity plan

EU Business Monday 23rd April, 2012

) - Hungary sent its latest austerity plan to Brussels, the finance ministry said on Monday, as part of a convergence programme aimed at averting EU sanctions over the country's ballooning deficit. "The government hopes that after eight years, the country will be able to leave the (EU) procedure for excessive deficit," the ministry said in a statement. In mid-March, European Union finance ministers voted to freeze 495 million euros ($648 millio...

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