MADRID: Spain voiced confidence in its economic policies on Friday, a day after the European Commission declared it and its neighbour Portugal to be in violation of public spending rules.
The European Union’s executive on Thursday accused the two eurozone members of moving too slowly towards meeting the EU’s deficit limit of three-percent of national output.
“We remain confident that this sanction will not lead to a fine for Spain,” said Spanish Deputy Prime Minister Soraya Saenz de Santamaria.
In Lisbon, informed sources said Portugal, reacting sharply to comments last month by German Finance Minister Wolfgang Schaeuble, had hauled in the German …read more
Source: theSun
