Italy and Spain to defend their budget drafts at Eurogroup meetings

Source: Bloomberg
© FP
Both Spain and Italy's ministers of economics are expected to justify their proposed budgets this Friday, during the Eurogroup Meetings in Brussels. This comes a week after the European Commission expressed doubt that Italy and Spain are doing all they can to lower debt or reduce deficits. These doubts were contested by the two countries. The European Commission hopes that the need to explain budget plan to their peers will make the ministers more considerate in their actions.
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