Blogs and advice from Industry leading Specialists
Valuable Opinions, Comments & Gossip
Financial related News & Articles relating to Spain
Latest News, Stories
& Hot Topics
Various Tools & Widgets to help with your financial needs
Tools & Widgets to
help with finances
Polls, Surveys and Opinions featured throughout Tumbit
Featured Polls, Surveys & Stats
Discussions, Advice & Topical Chat
Discussions, Advice & Topical Chat

Spain asks EU to revise deficit target

Source: El Pais - Fri 29th Mar 2013
Spain asks EU to revise deficit target

The Spanish government has asked the European Union to ease its 2013 deficit target to 6% of gross domestic product (GDP) from the original target of 4.5% of GDP on a worse-than-expected economic performance, reports El Pais in its Friday Internet edition, citing unidentified government sources.

Spain has been negotiating a more relaxed deficit target for this year for weeks, but Brussels is willing to raise Spain's 2013 deficit objective up to 5.5%, while agreeing on extra year to bring Spain's deficit down to 3%, El Pais adds.