Brussels, 26/03/2012 (Agence Europe) - Spanish budget problems threaten to undermine the burst of optimism seen on the sovereign debt money markets this year, but the European Commission is refusing to relax the budget surveillance period known as the European semester, explained a spokesperson for Euro Commissioner Olli Rehn on Monday 26 March.
The Commission first wants to learn the details of the Spanish budget for 2012 and how the conservative government's austerity policies are...