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Europe Daily Bulletin No. 11597

20 July 2016
ECONOMY - FINANCE - BUSINESS / (ae) economy
Commission looks at type of sanctions to impose upon Spain and Portugal

Brussels, 19/07/2016 (Agence Europe) - On Wednesday 20 July, the European Commission will discuss the budgetary situation in Spain and Portugal before proposing, in a week's time, financial sanctions against the two countries for failing to comply with their budgetary trajectories between 2013 and 2015.

The College of Commissioners will hold an “initial discussion this week to take stock of the situation and assess the nature of the sanctions” and, on this basis, will potentially make...

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ECONOMY - FINANCE - BUSINESS
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