Hungary’s €12 billion plan to build two new nuclear reactors could push the country’s budget deficit over the limit set by EU rules, critics of the projects have warned, and regulators may be in the dark about its true costs.
In mid-July, the EU Council of Ministers warned the country is close to breaching the fiscal safeguards. With construction on Paks II expected to begin in 2018, there are concerns that the project’s costs could balloon beyond official estimates.
The uncertainty stems from one issue: The annual costs of the project, known as Paks II, are opaque.
“It is not spelled out … …read more
Source: European Voice
