EU nations tell Poland, Hungary, Romania, Latvia and Lithuania to curb budget deficits

BRUSSELS — The European Union on Tuesday gave Poland, Hungary, Romania, Latvia and Lithuania two- and three-year deadlines to curb their budget deficits, which have been swollen by the world financial crisis and its fallout in Eastern Europe.

EU gives Hungary another 2 years to bring budget deficit under 3 percent by 2011

BRUSSELS — The European Commission on Wednesday gave Hungary another two years to curb its budget gap, postponing its deadline until 2011 as it deals with a severe recession.

EU to warn Germany, other euro nations on ballooning budget deficits

LUXEMBOURG — The European Commission said Monday that it will formally warn eight euro zone nations — including Germany, a champion of fiscal prudence— about ballooning budget gaps that will break EU rules.