Spain and Portugal risk becoming the first European Union nations to be sanctioned for running an excessive deficit -- but they’re certainly not the only ones who’ve breached the bloc’s rules. According to research by Germany’s Ifo Institute based on Eurostat data, EU nations have missed deficit-reduction goals 165 times since 1999. While Greece is the most egregious case with 17 misses, France, Italy and Germany have also fallen short of their fiscal targets repeatedly.

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