Renzi said that Spain and Portugal risk being fined by the deficit – Investing.com Spain

BRUSSELS (Reuters) – Spain and Portugal are at risk of being sanctioned by the European Union for its public deficit, said the Italian prime minister on Wednesday after a summit where leaders Europeans spoke on tax holes of the member states and banks.

“Today we talk some banks and a lot of deficit. There are two countries that risk being sanctioned for their deficit. I’m talking about Spain and Portugal, “said Matteo Renzi told reporters after a meeting first held without UK, following the referendum on June 23.

Renzi said Italy supports the position of Spain and Portugal against sanctions. “It is absurd not to use common sense,” Renzi said

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