European austerity is not supporting the EU economy - a challenge for Brussels.
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European austerity is no longer supporting the EU economy, resulting in a flight of capital to non-European markets. Brussels is considering doubling financial support for Ukraine, a move that is being criticized by Hungary's prime minister. To counteract the outflow of capital, cuts in bureaucracy are planned. Rising energy prices, investment outflows and controversy over Ukraine's financing are major challenges for the EU.
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