About: excessive deficit procedure

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Central Europe 31-01-2013

Hungary’s Orban urges end to EU deficit procedure

In a snap visit to Brussels, Hungarian Prime Minister Viktor Orban on Wednesday urged EU officials to ease pressure on Budapest and recognize the country's efforts to cut its excessive deficit. Orban wants Hungary to be removed from the EU's excessive deficit procedure, which Budapest is under since it joined the EU in 2004. The procedure forces countries to keep their deficits below 3% of GDP.