Brussels has already three times did Madrid relief, starting in 2009.
The European Commission today to discuss taking action against Spain for failure to comply with the fiscal rule on public deficits.
The EC will condemn sanctions against the background of exceeding the acting Prime Minister of Spain Mariano Rajoy established a three percent level of the country’s budget deficit for the fourth year in a row.
In that case, if the commissioners decide that Madrid does not take effective action to accomplish tasks to reduce the deficit, Spain will be subject to sanctions in the form of fines and the return of the inspectors.
Analysts polled by Bloomberg believe that, most likely, the European Commission will have to take action against Spain if it wants to maintain the credibility of its rules.
As notes the edition, Brussels already three times did Spain breaks since 2009.
However, as stated by one of the sources, the decision by Spain may be postponed so as not to interfere with parliamentary elections scheduled for June this year.
