‘Europe allows some breathing space...’

Published on 30 May 2013 at 11:10

Cover

“...but demands urgent reforms on pensions, the labour market and a rise in VAT," reports Spanish business daily La Gaceta, following the publication of the EU Commission's budgetary recommendations.

EU authorities will accept Spain's deficit of 6.5 per cent of GDP in 2013 and give the country until 2016 to bring the deficit to below the 3 per cent of GDP target.

But in exchange, Prime Minister Mariano Rajoy's government will have to introduce "efficient measures" to implement additional reforms ahead of an October 1 deadline.

Subscribe to the Voxeurop newsletter in English

Categories

Are you a news organisation, a business, an association or a foundation? Check out our bespoke editorial and translation services.

Support independent European journalism

European democracy needs independent media. Voxeurop needs you. Join our community!

On the same topic