Brussels, 30/05/2012 (Agence Europe) - On Wednesday 30 May, the European Commission suggested to the ECOFIN Council that it give Spain until 2014 (rather than until 2013) to bring its deficit below the 3% of GDP cut-off point, although the Spanish authorities do not seem very enthusiastic about getting an extra year to meet their targets. The final decision will be made at an upcoming meeting of EU27 finance ministers.
As long as the Spanish government keeps regional government and quango...