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Brussels sees Spain's 2017 budget broadly in line with EU rules

Source: Reuters - Wed 18th Jan 2017
Brussels sees Spain's 2017 budget broadly in line with EU rules

The European Commission has found Spain's budget for this year "broadly" in line with EU fiscal rules and has decided not to recommend any additional measure from Madrid, an EU source said on Tuesday.

"We do not call for measures now, but we ask the government to stand ready to take additional measures should heightened risks materialise," the source said.

Recommended Reading :

* EU Tells Spain to brace for cuts due to likely 2017 deficit target miss

* Spanish economy may have beaten 3.2% goal in 2016

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