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EU executive warns Spain it must step up deficit reduction efforts
March 9, 2016 / 3:26 PM / 2 years ago

EU executive warns Spain it must step up deficit reduction efforts

BRUSSELS, March 9 (Reuters) - The European Commission warned Spain on Wednesday it needed to increase its efforts to cut its budget deficit or risk a stepping up of EU disciplinary action against Madrid.

The warning, however, is unlikely to be heeded for now, because Spain still does not have a government after inconclusive elections in December. (Reporting By Jan Strupczewski; editing by Philip Blenkinsop)

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