Spain's deficit reduction target set by Europe will be 'very difficult' to meet
Saturday, December 8, 2012 @ 7:22 PM
THE Bank of Spain, the OECD and president Mariano Rajoy all believe it will be practically impossible for the country to reduce its national deficit in time as required by Europe. Spain's target this year was to cut its debt to 6.3 per cent of the Gross National Product, after having a limit of 8.9 per cent for 2011.
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