Prime Minister Viktor Orbán said following a meeting with European Commission President Jose Manuel Barroso in Brussels on Wednesday that Hungary wants to be removed from the European Union’s Excessive Deficit Procedure for moral, not political or economic reasons. “Hungary and the Hungarians have done everything they could so that our homeland can get out of the Excessive Deficit Procedure,” Orbán said. Barroso welcomed the fiscal consolidation that Hungary has achieved, but said the quality of these adjustments should be given more weight. “I also encourage the prime minister to pay closer attention to the quality of these adjustments,” Barroso said. He also welcomed Orbán’s commitment to keep the deficit under the 3% of GDP threshold required by the European Union.
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