The EU has welcomed Spain's plan to cut another €10 billion off its yearly budget, but the measure failed to stop speculation the country could be next in line for a bail-out.
Olivier Bailly, a European Commission spokesman, on Tuesday (10 April) said Brussels "welcomes" the move because it "confirms both the Spanish government's determination to implement the necessary reforms, and furthermore the Spanish government's commitment to respect the 5.3 percent [of GDP] deficit [limit agree...
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Already a member? Login hereAndrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.
Andrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.