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Europe Live Saturday 18th May 2013

Sanctions against Hungary

27th February 2012

On 22nd February the European Commission announced that it proposed not to pay the 495 million euros of the Cohesion Fund to Hungary because of a lack of measures on the part of the government to counter its excessive deficit. The suspension of 29% of the funds initially granted for 2013 to Hungary has to be confirmed by the Member States and would end as soon as Hungary started the necessary reform. It is the first time that the Commission is using this possibility offered by the regulation that establishes the Cohesion Fund.

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