BRUSSELS (AP) — A senior EU official says Spain is on track to meet its deficit reduction targets for 2012 and 2013, but risks not making the target for 2014.
Olli Rehn, EU monetary affairs commissioner, says Spain’s effort to meet its deficit target for 2014 — 3 percent of GDP — could be hampered by weak economic growth. He says Spain’s financial forecasts for that year are overly optimistic.
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