Spain to Present Eurogroup With EU15Bln Budget Cuts, ABC Says

Economy Minister Luis de Guindos will present a plan to cut Spain’s budget by 15 billion euros ($20 billion) to the eurogroup today, ABC reports, without saying how it obtained the information.

The budget measures would reduce Spain’s deficit to 5.4 percent or 5.5 percent of gross domestic product this year, the newspaper reported.

To contact the reporter on this story: Angeline Benoit in Madrid at abenoit4@bloomberg.net

To contact the editor responsible for this story: Craig Stirling at cstirling1@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.