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Hungary: EDP to Be Dropped.

Published: May 27, 2013; 18:41 · (Vindobona)

Hungary can count on the termination of the Excessive Deficit Procedure (EDP) by the European Union.

Hungary: EDP to Be Dropped. / Picture: © Flickr

On May 29, the EU Commission will, according to intern sources in Brussels, officially recommend the conclusion of the procedure, which has been continuing since Hungary’s EU Accession in 2004. Hungary’s Foreign Minister Martonyi is expecting Wednesday with optimism. The last adjustments have deciced that the deficit could be permanently kept below three percent of GDP. The…

This article includes a total of 209 words.

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