Spain on COLLISION COURSE with EU: Finance chief blasts ‘IMPOSSIBLE’ budget demands
CRISIS-HIT Spain is on collision course with Brussels after rejecting a demand from Eurocrats to submit a draft of its 2017 budget within weeks.
By TOM PARFITT
Express.co.uk
Wed, Sep 7, 2016
The EU yesterday ordered the nation, which recorded a deficit of 5.1 per cent last year, to send the proposals before October 15.
But finance minister Luis de Guindos has branded the demand “impossible”.
Acting Prime Minister Mariano Rajoy talked about the country’s economic woes with European Commission boss Jean-Claude Juncker at last week’s G20 summit.
Spain has the second-highest rate of youth unemployment in Europe, with the latest figures put at a shameful 44 per cent.
The political uncertainty in the country – which has been without a government since December – is believed to be making the financial crisis worse.
Brussels recently threatened to freeze funding to Spain unless its parties come together to form a coalition government.
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