EU Warns Spain on Risks of Missing Deadlines for Budget Plans
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The European Commission has warned Spain against submitting its draft budget to Brussels well past the legal deadline.
The EU executive expects all member states to present their preliminary plans by Oct. 15, or as soon as possible after that date, a person familiar with the matter said. As a result, the commission voiced its doubts at Madrid’s intentions of only doing so by late November, the person added.