Brussels, 12/07/2016 (Agence Europe) - On Tuesday 12 July, the European finance ministers entered uncharted waters in the excessive deficit procedures against two eurozone countries, when they opened, for the first time, the prospect of financial sanctions against Spain and Portugal. In a move to ensure the credibility of the Stability and Growth Pact, however, they will take pains to avoid crippling the two Iberian countries, out of concerns of attracting more Euroscepticism.
“The...