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Eurozone must press ahead with economic reforms - Dijsselbloem (Photo: consilium.europa.eu)

Spain and Italy get leeway on budget targets

Spain and Italy were among eurozone countries told to stiffen their budgets for 2014 on Friday if they want to meet the EU's rules on debt and deficits.

The meeting of eurozone finance ministers in Brussels on Friday (22 November) was the first of its kind, seeing ministers pore over the detail of each others' annual spending plans under the bloc's new economic governance rules.

Just two euro states - Estonia and Germany - were given the budgetary all clear when the bloc's economi...

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Author Bio

Benjamin Fox is a seasoned reporter and editor, previously working for fellow Brussels publication Euractiv. His reporting has also been published in the Guardian, the East African, Euractiv, Private Eye and Africa Confidential, among others. He heads up the AU-EU section at EUobserver, based in Nairobi, Kenya.

Eurozone must press ahead with economic reforms - Dijsselbloem (Photo: consilium.europa.eu)

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Author Bio

Benjamin Fox is a seasoned reporter and editor, previously working for fellow Brussels publication Euractiv. His reporting has also been published in the Guardian, the East African, Euractiv, Private Eye and Africa Confidential, among others. He heads up the AU-EU section at EUobserver, based in Nairobi, Kenya.

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