EU to make decision on Spanish budget-breach penalties after election

THE EU will hand down a decision on Spain and Portugal’s budget violations after the June 26 general election.

The two countries received year-long extensions from the Brussels-based European Commission last year to get their finances in order.

However, the commission’s Vice President Valdis Dombrovskis told the European Parliament ‘there are no plans to postpone those decisions further’.

He cited the commission’s obligation to enforce the European fiscal policies.