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    EU Commission Recommends Canceling Portugal, Spain Budget Imbalance Fines

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    EU Financial Stability Commissioner stated that European Commission recommended on Wednesday not to impose fines on Portugal and Spain for missing their 3 percent GDP targets.

    BRUSSELS (Sputnik) The European Commission recommended on Wednesday not to impose fines on Portugal and Spain for missing their 3 percent GDP targets, EU Financial Stability Commissioner Valdis Dombrovskis said Wednesday.

    “Taking into account past efforts of Spain and Portugal, the current challenging environment and arguments laid out in the recent request, the college agreed today to propose the cancellation of the fines for both countries,” Dombrovskis told a briefing.

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    GDP, European Commission, Valdis Dombrovskis, Spain, Portugal
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