Brussels, 11/05/2012 (Agence Europe) - At the end of May, the European Commission will announce whether new austerity measures need to be taken by Spain so that it can meet its excess deficit reduction targets (5.3% in 2012 and 3% in 2013), said Euro Commissioner Olli Rehn on Friday 11 May as he unveiled the Commission's Spring Economic Forecasts (see separate article). The Commission says that with current policies, Spain's deficit will reach 6.4% of GDP in 2012 and 6.3% in 2013. Spain is...