EU CIVIL WAR: Brussels told by MEPs it's ‘ABSURD’ to freeze Spain and Portugal's funds
The European Commission (EC) revealed the plans in response to the two nations failing to reach their deficit targets last year - having both repeatedly missed targets since 2009.
Spain, which has been without a government since last December, recorded a deficit of 5.1 per cent of GDP in 2015; while Portugal’s sat at 4.4 per cent - both outside of the EU’s three per cent limit.
The EC can make the choice to impose fines on underperformers, and to suspend any future payments to them.
While the EU executive decided against fining the two nations last July, it announced it planned to cease... read more
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