Rehn moots possible easing of Spain budget targets

European Union budget enforcer Olli Rehn signalled he might seek to ease Spain’s targets for cutting its budget deficit next month in a retreat from the austerity-first policy demands driving the economy into recession.

29th January, 2013
Olli Rehn

European Union budget enforcer Olli Rehn signalled he might seek to ease Spain’s targets for cutting its budget deficit next month in a retreat from the austerity-first policy demands driving the economy into recession.

EU officials will make a decision on the best pace for Spain’s budget consolidation process when they deliver a scheduled assessment of the program in February, Rehn said at a press conference in Madrid yesterday.

“If there...

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