The EU is set to recommend sanctions against Hungary for not doing enough to bring its deficit...

|By:, SA News Editor

The EU is set to recommend sanctions against Hungary for not doing enough to bring its deficit below 3% of GDP. This sets in motion the next stage of the Excessive Debt Procedure at which the country could be shut out of the EU cohesion fund. For the record: 23 of 27 EU states are running deficits above 3%.