Spain fail to meet the objectives of reducing the public deficit set by the EU in the next two years, according to forecasts by the European Commission, which would require new spending cuts to government in the coming months.
According to Commission estimates, the deficit will be around 6.3% in 2011, up three points above the target and the promise of the Executive Zapata, and in 2012, 5.3%, almost one point more than the commitment Europe.
The Commission considers that Spain did not fulfill the duties of forecasts too optimistic on growth.
"We are more cautious than the Spanish authorities on domestic demand," said Ollie Rehi, European Commissioner for Economic Affairs, told a news conference.
The Finn admitted that the difference of the forecast is "relatively small" and would not "draw strong conclusions," but insisted that Spain must comply with European duties. Public spending cuts and reforms have allowed Spain, Rehn recalled, "separated from the three countries" in the euro zone rescue, Greece, Ireland and Portugal.
Community experts still believe that the Spanish economy will grow this year less than he expects the Government, 0.8%, and the next, 1.5%, in particular by rising oil prices and rates event which marked the European Central Bank. The Government argues that GDP will grow 1.3% this year and next, at 2.3%.
Spain will also have a stop over 20% in 2011 and 2012, the third consecutive year with this record.
According to Commission estimates, the deficit will be around 6.3% in 2011, up three points above the target and the promise of the Executive Zapata, and in 2012, 5.3%, almost one point more than the commitment Europe.
The Commission considers that Spain did not fulfill the duties of forecasts too optimistic on growth.
"We are more cautious than the Spanish authorities on domestic demand," said Ollie Rehi, European Commissioner for Economic Affairs, told a news conference.
The Finn admitted that the difference of the forecast is "relatively small" and would not "draw strong conclusions," but insisted that Spain must comply with European duties. Public spending cuts and reforms have allowed Spain, Rehn recalled, "separated from the three countries" in the euro zone rescue, Greece, Ireland and Portugal.
Community experts still believe that the Spanish economy will grow this year less than he expects the Government, 0.8%, and the next, 1.5%, in particular by rising oil prices and rates event which marked the European Central Bank. The Government argues that GDP will grow 1.3% this year and next, at 2.3%.
Spain will also have a stop over 20% in 2011 and 2012, the third consecutive year with this record.
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