Nicosia at risk of breaking EU budget rules
Cyprus and five other countries are at risk of breaking European Union budget discipline rules with their 2017 draft budgets, the European Commission said in a statement on Wednesday.
The five other countries are Belgium, Finland, Italy, Lithuania and Slovenia.
“The draft budgetary plans of these member-states might result in a significant deviation from the adjustment paths toward the respective medium-term objective,” the European Commission said.
The medium-term objective is a budget balanced in structural terms, which means excluding one-off spending and revenue and the effects of the business cycle.
You may be interested
Confrontation between Dendias & Cavusoglu at the press conferencemakis - Apr 15, 2021
Diplomatic etiquette was cast aside in an astonishing joint press conference between Greek Foreign minister Nios Dendias and his Turkish…
Russia suspends flights to TurkeyPanos - Apr 15, 2021
Russia will restrict flights to and from Turkey from April 15 to June 1 due to a rise in COVID-19…
EU member-states agree to issue Covid-19 travel certificatePanos - Apr 15, 2021
European Union countries today formally agreed to issue Covid travel certificates as a step towards reopening tourism this summer with…