EU sees Spanish deficit, Italian debt risks in 2014 budgets
Arab Today
The European Commission warned of increased "risk" that Spain's public deficit and Italy's debt could get worse, in its first judgement on eurozone states' budgets under new post-crisis oversight powers. Spain's draft 2014 spending plans are "at risk of non-compliance," the EU executive said, as Spain struggles towards a delayed 2016 target to return within EU norms, while Italy may also miss debt-reduction targets.
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