Brussels, 13/03/2012 (Agence Europe) - The Eurogroup is calling on Spain to make extra public spending cuts in order to reduce its deficit from 8.5% of GDP to 5.3% in 2012, but will not budge on the need to bring the deficit back below the 3% cut-off point in 2013. “The Eurogroup assesses that timely correction of the excessive deficit should be ensured by additional frontloaded effort to the order of 0.5% of GDP beyond what has already been announced by the Spanish authorities so far”,...