Spain’s People’s Party has done more in less time to improve the country’s financial situation than any other government but must persevere further, European Central Bank Executive Board member Jose Manuel Gonzalez-Paramo said in an interview with El Pais.
“In terms of the budget deficit much has been done but given the magnitude of the adjustment, time is needed to recover a reputation of discipline,” El Pais cited Paramo as saying.
Paramo added that he has “no doubt” that Spain will reach its budget deficit target of 5.3 percent this year.
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