Brussels shall not suspend the european funds for Spain – Investing.com Spain

BRUSSELS (Reuters) – The European Commission decided Wednesday to not suspend the european funds for Spain and Portugal, the year that comes after the breach of the budgetary rules in a new sample of a fiscal policy to be more accommodating.

“The event demanded a Commission proposal to suspend part of the Funds European Structural and Investment already is not present and there is no such proposal,” said the Commission in a note, adding that the penalty procedure “shall be suspended”.

During the summer, the EU also decided not to impose fines on Spain and Portugal within the same procedure of penalties for their excessive budget deficits and the lack of corrections to time of the fiscal gap.

legal Notice: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn’t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.