22 February 2012

EU/ HUNGARY: EC's Rehn Threatens To Suspend $656 Million.


    The EU has launched a new front against controversial PM Viktor Orban...threatening to withhold E495 mn/$656 mn...in new subsidies in January.
    Commissioner Olli Rehn wants Orban to lower deficits...below 3% of GDP.
    Even though 22 other EU nations are above that level...without having funds withheld.
    The EU doesn't like Orban's recent interference with Hungary's central bank...nor certain  crisis taxes and pension changes.