Wednesday, July 27, 2016

EU backs economic sanctions – Swedish Dagbladet

Spain and Portugal will not be fined for its excessively high budget deficits. The European Commission may, in accordance with the regulations, impose fines on the two countries by up to 0.2 percent of their gross domestic product (GDP). But now they have backed away from his earlier warning because of the outcome of the British referendum on the EU exit.

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