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EU May Cut Structural Aid for High-Deficit Countries, FAZ Says

Oct. 7 (Bloomberg) -- The European Commission proposed cutting countries’ access to structural aid funds if they repeatedly breach the region’s Stability and Growth Pact, the Frankfurter Allgemeine Zeitung reported, citing a presentation by European Regional Affairs Commissioner Johannes Hahn.

The Commission plans to make concrete proposals to governments whose budgets violate the region’s deficit and debt limits on how to use structural aid to generate growth, FAZ said. If countries don’t fall in line, aid payments will be partially or completely cut, according to a commission proposal for structural policy between 2014 and 2020, the newspaper said.

To contact the reporter on this story: Jana Randow in Frankfurt at jrandow@bloomberg.net

To contact the editor responsible for this story: Craig Stirling at cstirling1@bloomberg.net

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