EU finance ministers will on Tuesday (12 July) officially say that Spain and Portugal violated EU budget rules by not doing enough to reduce their deficits.
The decision was announced after a meeting of eurozone finance ministers on Monday. It will be formally taken at a meeting of all EU finance ministers on Tuesday.
"Eurozone members will vote to support the European Commission's recommendations unanimously," Eurogroup president Jeroen Dijsselblomen said at a press conference.<...
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