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.