Belgium,Hungary,Cyprus,Malta and Poland receive warnings from EU

Discussion in 'Economics' started by Grandluxe, Nov 10, 2011.

  1. Belgium and four others face EU fines on deficits
    Updated: 14:59, Thursday, 10 November 2011

    Belgium was handed an urgent warning from Brussels today to get its public finances back on track and deliver a 2012 budget cutting its deficit by the middle of next month.

    Econonic Affairs Commissioner Olli Rehn singled out Belgium along with Cyprus, Hungary, Malta and Poland as five EU states at risk of missing a previously agreed 2012 deadline to return their annual deficits to under 3% of GDP - a threshold enshrined in EU law.

    The commission as of next month will be able to resort to a so-called "six-pack" of new laws to sanction Belgium if its incoming government fails to meet the targets.
  2. it feels like a f*ing moliere comedy.

    lets be real: germans want to grab the POWER !

    Watch for sudden brutal reversal of events.