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Spanish economy

World news about “Spanish economy” published by euronews.

BRUSSELS BUREAU | 18/05 16:43 CET

EU gives Spain, Portugal more time on deficits

EU gives Spain, Portugal more time on deficits

The European Commission has shied away from punishing Spain and Portugal over their excessive budget deficits. The EU executive has the power to fine governments that consistently spend more than they receive in tax revenues. Spain budget deficit stood at five percent of…