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Bosnia Faces Loss Of Funds After EU Deal Failure


EU Enlargement Commissioner Stefan Fuele and Bosnian leaders have failed to break the deadlock.
EU Enlargement Commissioner Stefan Fuele and Bosnian leaders have failed to break the deadlock.
BRUSSELS -- EU Enlargement Commissioner Stefan Fuele and several Bosnian leaders have failed to resolve the political deadlock in the country, with Sarajevo now facing a loss of EU funding.

The two sides met in Brussels on October 10, one week after a similar meeting fell short in tackling the issue of discrimination against national minorities in Bosnia's election processes, as well as the establishment of a single mechanism within the country to coordinate relations with the EU.

Brussels has now announced it will launch a procedure to reduce the EU funding that Bosnia-Herzegovina would receive in 2013 by 54 percent.

This means that Sarajevo risks losing 47 million euros ($63.5 million).

The European Commission has noted, however, that the procedure can be stopped if there is a solution over the next few days.

No further talks have been announced.
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