Economy of the European Union

Romania to Repay EU for Misspent Agriculture Cash

Romania will have to return money to the European Commission for having breached community regulations on the use of European cash allotted under the Common Agricultural Policy, CAP.

A total of around 315 million euro is being reclaimed from 11 member states, while Romania will have to hand back 4.24 million euro, according to a report by the Commission.

Growth, not debt write-off, is the key

 Efforts of Greece and creditors should be focused on expanding the country’s economy in the long term

By Dimitris Kontogiannis

Greece has surprised many pundits by achieving a bigger-than-estimated primary budget surplus last year but it has a long way to go to reach a much higher level consistent with sustainable debt.