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 editor, writing about foreign and security issues since 2005. He is Polish, but grew up in the UK, and lives in Brussels. He has also written for The Guardian, The Times of London, and Intelligence Online.
Andrew Rettman is EUobserver's foreign editor, writing about foreign and security issues since 2005. He is Polish, but grew up in the UK, and lives in Brussels. He has also written for The Guardian, The Times of London, and Intelligence Online.