Bloomberg News

Spain to Present Eurogroup With EU15Bln Budget Cuts, ABC Says

March 01, 2012

Economy Minister Luis de Guindos will present a plan to cut Spain’s budget by 15 billion euros ($20 billion) to the eurogroup today, ABC reports, without saying how it obtained the information.

The budget measures would reduce Spain’s deficit to 5.4 percent or 5.5 percent of gross domestic product this year, the newspaper reported.

To contact the reporter on this story: Angeline Benoit in Madrid at abenoit4@bloomberg.net

To contact the editor responsible for this story: Craig Stirling at cstirling1@bloomberg.net


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