Liechtenstein’s refusal to sign an agreement that will expand the European Economic Area (EEA) to incorporate the ten nations due to accede to the EU in 2004 could possibly deprive Hungary of around 135 million euros in economic aid according to a report by the state news agency MTI.
"The fund created by EEA countries helps the economic development of accession countries," explained Integration Minister Endre Juhasz. "Hungary would receive 27 million euros annually for the next five years, or 135 million euros altogether."
The decision by Liechtenstein apparently stems from an historic argument with the Czech Republic and Slovakia stretching back to World War Two when the then Czechoslovakia adopted the Benes Decrees which led to the expulsion of 2.5 million ethnic Germans and the seizure of their assets. It is said that the royal family of Liechtenstein along with other nationals of the Alpine state suffered financial loss as a result of these actions.
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