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Commission suggests leniency on Spanish deficit increase

01.10.12 @ 12:46

  1. By EUOBSERVER

The EU commission will "take into consideration" the "one-year" budget deficit increase in Spain -largely due to the banking bailout - a spokesman for the commission said. Economics commissioner Olli Rehn is in Madrid after the Spanish government announced the 2012 deficit would rise to 7.4% from the planned 6.3%.

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