Saturday, May 7, 2016

Rajoy promises more austerity to Brussels to avoid the penalty for the deficit – Sputnik World

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© AP Photo / Daniel Ochoa de Olza

“Rajoy promises to extend one more year agreement unavailability of spending on central and regional administrations – 4,000 million in 2016 to lower the fiscal hole the sacrosanct 3 percent of gross domestic product (GDP) in 2017, “the newspaper El Pais on Saturday.

The chairman sent a letter to the head of the European Commission, Jean-Claude Juncker, in which especially the effort to clamp public accounts in Spain, so asked to “take into account the hard adjustment in recent years “and” the current political situation “.

© AFP 2016 / Gerard Julien

the European Commission worsened this week Spain’s economic forecasts for the coming years.

“Spain added 3.9 percent deficit this year and 3.1 percent in 2017″, announced on Tuesday the Commissioner for Economic and Financial Affairs, Pierre Moscovici, noting that not yet come to 3 percent agreed.

Brussels must decide in the course of the next 10 days if you open an infringement procedure, with a fine that can go from zero euros to 2,200 million.

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