ECONOMY - FINANCE / (ae) spain

Commission awaits Eurostat's confirmation of fall in Spanish deficit

Brussels, 27/02/2013 (Agence Europe) - On Wednesday 27 February, the European Commission took note of the Spanish government's announcement by the Spanish government earlier the same day that the country had a lower than forecast public deficit in 2012. In its recent forecasts (see EUROPE 10792), the European Commission said the Spanish deficit (not including bank bailouts) would be 7% of GDP in 2012, but Spanish Prime Minister Mariano Rajoy said it was actually 6.7%, closer to the target of...