Brussels, 22/02/2012 (Agence Europe) - The Conservative government of Mariano Rajoy hopes to win some concessions from the European Commission on its public deficit reduction target for 2012, the daily El Pais reports on Wednesday 22 February. Spain will be expected to reduce its deficit to 4.4% of GDP in 2012, but the 2011 deficit is now forecast to be above 8%, much higher than the 6% target set by the previous Spanish government.
Spain would have to make savings of some €40 billion in...