The European Commission plans to suspend 495m euros (£417m; $655m) of Hungary's EU funds next year because of the country's huge budget deficit.
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The European Commission, facing steep opposition, has suspended efforts to ratify a new international anti-counterfeiting agreement -- instead referring it to Europe's highest court to see whether it violates any fundamental EU rights. Read More
French police are interrogating former International Monetary Fund chief Dominique Strauss-Kahn for a second day in a probe into a suspected hotel prostitution ring in France and Belgium. Read More