Bloomberg News

Hungary Orban Sees EU Fund Freeze Resolved ‘Soon,’ MTI Reports

March 01, 2012

Hungary expects a European Union proposal to freeze the payment of development funds to be “taken off the agenda soon” as the issue is of a “technical nature” and will be “resolved,” state news service MTI said, citing Prime Minister Viktor Orban.

The European Commission proposed the suspension of infrastructure-development funds after Hungary failed to reduce its excessive budget deficit in a sustainable manner, MTI said. Orban previously called the proposal “completely irrational,” according to the news service.

To contact the reporter on this story: Edith Balazs in Budapest at ebalazs1@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net


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