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Joint press conference by Olli Rehn and Johannes Hahn on the suspension of 495 million euro of Cohesion Fund for Hungary for 2013

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On 22 February 2012, Olli Rehn, Vice-President of the EC in charge of Economic and Monetary Affairs and the Euro, and Johannes Hahn, Member of the EC in charge of Regional Policy, participated to a press conference in Brussels. On this occasion, they announced that the European Commission is to suspend 495 million euro of Cohesion Fund commitments taking effect on 1 January 2013, and representing 0.5 % of GDP and 29% of the country's Cohesion fund allocations for 2013.
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Type: EbS   Reference: 83429   Date: 22/02/2012   Duration: 00:19:49
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