Tuesday, November 08, 2005

Hungary binges on deficit

Woe betide any country that claims that it can achieve that nivana of the terminally blind, euro zone entry.
It appears that Hungary, already wobbling only a short while ago has really gorged on Government spending. Thus when it is supposed to have reined in spending to under 2% it has in fact ballooned to 6.1%.
Oh well that'll be 2012 at the earliest for them then. Worse they seem to be being bitch slapped by the ineffectual Almunia for the pleasure.
"The commission "will be very strict" in its next recommendation "and we hope the Hungarian authorities will comply", he said."
Ooo, hark to him.

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