Politics & Policy|Economy|Foreign Affairs
Chris Johnstone|24.05.2012

Czech PM warns national public budget deficit could double on EU fund problems

Czech Prime Minister Petr Nečas (Civic Democrats, ODS) gave a brutal warning that the country’s budget deficit could jump to a staggering 6.0 percent of GDP if the billions of euros in payments from EU funding for programs now frozen — due to doubts in Brussels about how the money has been used and accounted for by the Czechs — are not cleared up.

Comments:1