Rajoy's Budget Math Challenged by EU Before Spanish Election

Updated on
  • Moscovici sees 2016 target missed by 0.7 percentage point
  • Spain should act to meet budget-deficit limit, Moscovici says

European economic affairs Commissioner Pierre Moscovici challenged Spain’s budget plans, posing Prime Minister Mariano Rajoy the choice of more cuts or a public dressing down just weeks before the country’s general election.

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