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EU Commission to decide on Portugal, Spain "very soon"

Published 07/05/2016, 11:13 AM
Updated 07/05/2016, 11:20 AM
© Reuters.  EU Commission to decide on Portugal, Spain "very soon"

BRUSSELS (Reuters) - European Commissioners discussed on Tuesday what steps to take on Spain and Portugal's budget spending for the 2013-2015 period and will take a decision soon, the office of Economics Commissioner Pierre Moscovici said.

"College had first discussion today on 2013-15 fiscal situation in Spain and Portugal. Decisions to be adopted very soon," Simon O'Connor, a member of Moscovici's cabinet, said on Twitter, referring to the commissioners meeting in Strasbourg.

Spain and Portugal last year breached budget rules which require to keep public deficits below 3 percent of gross domestic product.

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