Spain has managed to avoid the EU’s excessive deficit procedure by committing to reduce the deficit to 3% this year (compared to a 3.6% public deficit in 2023) but has not been able to avoid the European Commission’s demands for a long list of actions, some of which have already been committed, because “deficit and debt levels remain high, requiring further measures to consolidate the fiscal position and correct risks to debt sustainability”.
Brussels urges Spain to “present in a timely manner” a medium-term fiscal and structural adjustment plan, warning that while risks…
