Austria Wants More Leeway for Hungarian Budget

People ♦ Published: March 13, 2012; 13:46 ♦ (Vindobona)

The Austrian Minister of Finance Maria Fekter criticizes the EU. Hungary is not treated equally, Fekter says.

Austria Wants More Leeway for Hungarian Budget / Picture: © Hungarian and Austrian crossed flags by Vindobona

The decision by finance ministers of the 17-country eurozone to bypass strict controls on countries overspending and give Spain more leeway to cut its deficit has already triggered demands from other European countries for more fiscal leniency. Spain on Monday night was given the go-ahead by eurozone finance ministers to run a deficit of 5.3 percent of gross domestic product this year…

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