18 May, 2016 @ 13:46
1 min read

Spain avoids EU sanctions over missed deficit targets

EU FLAG

EU-FLAGSPAIN has been granted a reprieve by the EU over its failure to meet deficit targets.

Brussels will revisit the country´s public finances in early July in a bit to not interfere with the fresh elections in June.

Spain´s deadline to fix its public finances has been moved to the end of this year.

The EU´s economic chief Pierre Moscovici said: “The recommendation for Spain is no longer realistic, we have concluded this is not the right moment, economically or politically to take this step.”

Spain and Portugal were set to become the first EU countries sanctioned for missing deficit targets.

Portugal has been offered a reprieve until 2017.

The news will be welcomed in Madrid, where fresh elections after six months of political deadlock are set to take place next month, with polls suggesting a similar outcome.

 

Laurence Dollimore

Laurence Dollimore is a Spanish-speaking, NCTJ-trained journalist with almost a decade’s worth of experience.
The London native has a BA in International Relations from the University of Leeds and and an MA in the same subject from Queen Mary University London.
He earned his gold star diploma in multimedia journalism at the prestigious News Associates in London in 2016, before immediately joining the Olive Press at their offices on the Costa del Sol.
After a five-year stint, Laurence returned to the UK to work as a senior reporter at the Mail Online, where he remained for two years before coming back to the Olive Press as Digital Editor in 2023.
He continues to work for the biggest newspapers in the UK, who hire him to investigate and report on stories in Spain.
These include the Daily Mail, Telegraph, Mail Online, Mail on Sunday and The Sun and Sun Online.
He has broken world exclusives on everything from the Madeleine McCann case to the anti-tourism movement in Tenerife.

GOT A STORY? Contact newsdesk@theolivepress.es or call +34 951 273 575 Twitter: @olivepress

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