Brussels, 05/3/2012 (Agence Europe) - In Spain, the gap between the budget target set for 2011 (6% of GDP) and the actual deficit recorded (8.5%) is a serious matter, said the European Commission on Monday 5 March, showing little flexibility about Spain's efforts to meet its 2012 and 2013 targets.
On Monday 5 March, a spokesperson for EU Euro Commissioner Olli Rehn said that Spain had started by announcing a public deficit of between 6% and 7% in December 2011, and then reported a 2%...