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EU Says Finance Ministers Didnít Discuss New Spain Deficit Goals

Source: Bloomberg - Fri 27th Jan 2012
EU Says Finance Ministers Didnít Discuss New Spain Deficit Goals

Euro-area finance ministers didnít discuss the prospect of Spain renegotiating its deficit deadlines at a meeting this weekin Brussels, the European Union said.

ďThat issue was not raisedĒ at the Jan. 23 meeting, Amadeu Altafaj, spokesman for EU Economic and Monetary Affairs Commissioner Olli Rehn, told reporters today in Brussels. ďOur position hasnít changed since Monday.Ē

Rehn on that day ďstressed that this is essentially a crisis of confidence and itís all the more important now that Spain remains committed to restoring sustainable public finances without delay,Ē Altafaj said, ďthat it meets the fiscal targets of 2012, the 4.4 percent deficit target, and the 2013 correction date for excessive deficit.Ē