15 Oct, 2015 @ 14:58
1 min read

European Commission warns Spain about 2015/2016 deficits

Mariano Rajoy

rajoySPANISH Prime Minister Mariano Rajoy has defended his economic record after Brussels questioned his budget plans.

The European Commission warned the PP leader, who faces re-election in December, that Spain could miss its budget deficits for this year and 2016.

Pierre Moscovici, the EC’s economic chief, told Madrid it needed to make extra cuts to meet the 3% limit agreed for 2016.

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