EU faces dilemma on Portuguese and Spanish deficits

The European Commission will give its verdict on Spain and Portugal's efforts to reduce their deficits on Tuesday (5 July).

Amid post-Brexit debates on EU powers over member states, it is expected to spare both countries even if it says they have not done enough.

An EU source on Sunday told the Reuters press agency that Spain and Portugal would get a three-week delay to take "effective action" to reduce their deficit.

Other sources had earlier told the Wall Street Journal t...