"European Union finance ministers on Friday released Hungary from the bloc's budget scrutiny after a series of at times controversial moves by the Hungarian government to boost revenue.
Since Hungary joined the EU in 2004 it has been under review for having budget deficits significantly higher than the EU-mandated 3% of gross domestic product. The European Commission, the EU's executive arm, proposed to allow the country to exit the monitoring procedure in May. Friday's decision formally ends the process".
No comments:
Post a Comment