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Hungary reform plan move in right direction, says EU commissioner

The European Commission sees visible signs in reform measures announced at the beginning of March that Hungary is going in the right direction on the path of fiscal consolidation, European Commissioner for Economic and Monetary Affairs Olli Rehn said in Brussels.

Rehn reiterated that the Commission wants to be informed of the details of the Széll Kálmán plan, a structural reform plan unveiled by the government two weeks earlier, as soon as possible, especially with regard to structural measures that will affect the country's deficit in the coming years.

Rehn was speaking at a joint press conference with Hungarian National Economy Minister György Matolcsy and Internal Market and Services Commissioner Michel Barnier after a meeting of EU finance ministers. An ongoing excessive deficit procedure against Hungary was among the matters discussed by the ministers.

MTI learnt that Olli Rehn called a HUF 250 billion stability reserve the government recently established an important tool.