The Last Chance Of Freedom : Spain planning to breach EU budget targets, warns prime minister Mariano Rajoy

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Saturday, March 3, 2012

Spain planning to breach EU budget targets, warns prime minister Mariano Rajoy

By Louise Armitstead

Mariano Rajoy, prime minister of Spain, said the budget deficit would be 5.8pc of GDP in 2012 - more than 30pc higher than the 4.4pc target agreed by Brussels.

In a move that was heralded in Spain as defiance against the German-led austerity drive, Mr Rajoy said he had decided to set a new target rather than extract €44bn (£36.6bn) from the budget at a time of economic crisis. Mr Rajoy said it was now a "sensible and reasonable" target. "This is a sovereign decision made by Spaniards," he said.

Spain's appeals to Brussels to relax the targets have been rebuffed in recent days. The European Commission has reportedly insisted on investigating the reasons for Spain missing its previous targets first.

Elections have consequences, so it is important that voters who want to save our democracy, should v

Saturday, March 3, 2012

Spain planning to breach EU budget targets, warns prime minister Mariano Rajoy

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