Go to ...

The Newspapers

Gathering and spreading news from various Russian Newspapers

The Newspapers on Google+The Newspapers on LinkedInRSS Feed

Monday, May 29, 2017

EU to fine Spain and Portugal

The EU can impose a fine on Portugal and Spain for insufficient efforts to reduce deficits in their budgets. On Tuesday, the Council of Ministers of economy and Finance of the countries of the European Union (ECOFIN) issued a press release which stated that Portugal and Spain had not taken effective action.

The penalty can be 0.2% of the GDP of these countries.

Within 20 days, the Commission must submit a proposal for sanctions to be reduced or even be zero.

Sanctions . Chronicle of events

Related posts:
Primaries in Indiana are leading a trump and Clinton
The President of Abkhazia: the Bilateral negotiations with Georgia are underway
South Korea's military and the U.S. conduct exercises on strikes against the DPRK
The media learned about the possible arrest of the Moscow residence of U.S. Ambassador


More Stories From Politics