Brussels, 03/06/2016 (Agence Europe) - Giving Spain and Portugal extra time to bring the public deficit below the 3% of GDP mark is based solely on the excessive procedure of the Stability and Growth Pact, according to legal services of the Council of the EU.
Although the country-by-country recommendations may provide plausible scenarios to reduce government deficit, they are no substitute for acts adopted under the excessive deficit procedure, the legal experts of the Council said in an...