Brussels, 27/07/2016 (Agence Europe) - A somewhat surprising announcement. Although the European Commission and the member states seemed to be moving towards “symbolic” sanctions against Spain and Portugal for failing to reabsorb their excessive budgetary deficits, the college of commissioners made a recommendation, on Wednesday 27 July, in favour of simply cancelling these sanctions.
The Commission had three options, explained the Commissioner for Economic and Financial Affairs, Pierre...