Home breadcru News breadcru Association/Org breadcru Commission backs Hungary's deficit cut plans

Commission backs Hungary's deficit cut plans

27 Sep '06
1 min read

The European Commission on Tuesday (26 September) backed Hungary's programme of austerity measures to try and get its economy back on track, but said that it wants "rigorous implementation" of the plans.

"After repeatedly warning about large budgetary slippages, the commission takes note of the commitment by the Hungarian government to bring its public finances back on a sound footing," EU monetary affairs commissioner Joaquin Almunia said.

Click here for more.

EUobserver

Get Free Weekly Market Insights Newsletter

Receive daily prices and market insights straight to your inbox. Subscribe to AlchemPro Weekly!