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Europe Daily Bulletin No. 10617

22 May 2012
ECONOMY - FINANCE - BUSINESS / (ae) spain
Deficit expected to grow this year, but no change to targets

Brussels, 21/05/2012 (Agence Europe) - On Monday 21 May, the European Commission said it had been informed by Spain's statistics office that the country's deficit stood at 8.9% of GDP in 2011, 0.4% higher than forecast when the 2012 budget was published in April. The increase follows an investigation by the Spanish statistics office after introduction of a special financial stability law restricting the debt of Spain's autonomous regions, explained a spokesperson for EU Statistics...

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