Economic Governance Reform Draft Modified in Line With Hungary's Stance
Image by Shutterstock.com
The draft of the European Union's economic governance reform has been amended to suit positions advocated by Hungary, Finance Minister Mihály Varga said after an informal video conference of EU economy and finance ministers on Wednesday, according to a report by state news wire MTI.
Hungary has always taken the stand that in the area of fiscal policy national governments' room for manoeuvre, not the European Commission's, must be increased, Varga said. The approved draft of the reform strengthens the roles of member states and the Council as opposed to that of the EC, he added.
Hungary's proposal to account for additional defense expenditures when calculating Maastricht deficit levels was also written into the draft, he said.
Low Housing Construction Activity in Q1
CEETRA Celebrates Regional Brands in Budapest
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
