Brussels, 07/07/2016 (Agence Europe) - On Thursday 7 July, the European Commission sent the Council of the EU a draft recommendation calling upon it to note that Spain and Portugal have not taken effective actions to correct the deviation from their budgetary trajectories between 2013 and 2015. By taking this step, it is asking the Council to take position on the possibility of sanctioning the two Iberian countries.
The Commission was called upon to “verify whether the nominal deficit and...