The European Commission is mulling possible fines for Spain and Portugal for failing to meet EU national budgetary targets.
One source from within the room in Tuesday’s college of commissioners’ meeting in Strasbourg confirmed to POLITICO on Wednesday that there was a debate but said no decisions were taken.
There was, however, “a majority that agreed that both countries are candidates for stepping up the procedures,” the source said, adding that “it’s clear that Spain and Portugal are in trouble” for exceeding the EU’s budget deficit limit of 3 percent of GDP.
“For too long, the Commission has refrained from sanctioning [countries], although …read more
Source: European Voice
