EU takes action against 7 states for violating budget regulations

BRUSSELS, July 26 (Xinhua) -- The European Council on Friday placed France and six other European Union (EU) member states under formal procedures, urging them to take corrective measures to address their budget deficits.

These countries, in breach of the bloc's budgetary rules, include Belgium, France, Italy, Hungary, Malta, Poland and Slovakia. Romania will continue to stay under the procedure as it has failed