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Budget – EU Commission announces deficit procedure against Austria
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Budget – EU Commission announces deficit procedure against Austria
Brussels/Vienna – Since November, it has been in the air, and last Wednesday the European Commission actually took the first step towards initiating an EU deficit procedure against Austria. After determining an excessive deficit, it announced that it would recommend a deficit procedure. After this is likely to be formally done at the end of June, it still needs to be approved by the Council of Economic and Finance Ministers. This could happen at…
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