Eurozone finmins take the next step towards financial sanctions on Hungary, endorsing the EC...

|By:, SA News Editor

Eurozone finmins take the next step towards financial sanctions on Hungary, endorsing the EC view that the country only achieved a deficit/GDP ratio below 3% with a series of one-off measures. The EC can now withhold up to 100% of EU "cohesion funds" from Hungary, but will give Budapest until year's end to alter its course.