No Fines for Iberia, but Remedial Action Demanded and Possible Loss of Some ESI Funds
The eurozone finance ministers have accepted the EC’s recommendation that Spain and Portugal not be fined for their fiscal excesses. A few weeks ago, the EU Commissioner for Economic Affairs, Moscovici explained that punitive actions would strengthen anti-EU sentiment. However, that consideration did not prevent the EU from threatening to cut off part of the …
No Fines for Iberia, but Remedial Action Demanded and Possible Loss of Some ESI Funds Read More »