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2012, austerity, economy, Fidesz, Hungary

EU ministers set to approve Hungary aid freeze over deficit woes Eds: Meeting due to start at 0800 GMT | EUROPE ONLINE

Editor’s note:  EU imposition of structural adjustment on Hungary could lead to more austerity, which fuels the flames of nationalist far-right movements.

European Union finance ministers were expected Tuesday to further up the pressure on Hungary over its excessive deficit by freezing millions of euros in aid to the Eastern European nation. Diplomats said Budapest had suggested a delay in the decision until September, arguing that ministers should at first only endorse a recommendation for Hungary to further curtail its deficit.

via EU ministers set to approve Hungary aid freeze over deficit woes Eds: Meeting due to start at 0800 GMT | EUROPE ONLINE.

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