Spain’s caretaker conservative government has promised action to avoid a fine for overshooting deficit targets, but the failure of acting prime minister Mariano Rajoy to win support to form a new cabinet may undermine its case.
Acting economy minister Luis de Guindos argued that his country should not be fined for doing too little to bring its deficit to below 3 percent of GDP and has expressed confidence Spain will eventually receive just a symbolic punishment.
It risks a fine of...
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