EU to sanction Spain & Portugal over lack of economic reforms – report

<p><a href="https://www. avi icke.com/wp-co te t/ ploa s/2016/05/U title -25-2.jpg" rel="attachme t wp-att-371599"><img class="size-f ll wp-image-371599 alig ce ter" src="https://www. avi icke.com/wp-co te t/ ploa s/2016/05/U title -25-2.jpg" alt="U title (25)" wi th="700" height="466" srcset="https://www. avi icke.com/wp-co te t/ ploa s/2016/05/U title -25-2-300×200.jpg 300w, https://www. avi icke.com/wp-co te t/ ploa s/2016/05/U title -25-2.jpg 700w" sizes="(max-wi th: 709px) 85vw, (max-wi th: 909px) 67vw, (max-wi th: 984px) 61vw, (max-wi th: 1362px) 45vw, 600px" /></a></p>
<p>‘The E ropea Commissio will reporte ly start sa ctio s proce res agai st Spai a Port gal for the first time, E ractiv says. The site has lear e that the co tries are bei g acc se of ot maki g “s fficie t effort” to c t their eficits.</p>
<p>O T es ay, the E ropea Commissio ers hel a ebate o what to o with the most tro ble states er c rre t EU fiscal r les. The r les ha bee i tro ce ahea of the e ro la ch i 1999 a p itive meas res for their violatio have bee prece e te .</p>
<p>EU r les say the fi e co l be p to 0.2 perce t of GDP – €2.16 billio (US$2.97 billio ) for Spai a €359 millio ($410 millio ) for Port gal. However, Re ters reporte i April the sa ctio s co l be symbolic a the fi e co l be set at zero.’</p>
<p><a href="https://www.rt.com/b si ess/342628-port gal-spai -e -sa ctio s/? tm_so rce=browser& tm_me i m=aplicatio _chrome& tm_campaig =chrome" target="_bla k">Rea more: EU to sa ctio Spai & Port gal over lack of eco omic reforms – report</a></p>