European Union Economic and Monetary Affairs Commissioner Olli Rehn will make a statement on Spain this afternoon, his office said.
“Rehn will make a statement on Spain in the Berlaymont’s VIP Corner at 4:15 p.m.” local time in Brussels, Rehn’s office said in a statement without giving any further details.
At a meeting of euro-area finance ministers in Brussels on Nov. 13, Rehn said a proposal on Spain will be presented “shortly.” The country is “working hard” to meet its fiscal targets, he said.
“Spain is in the process of substantiating its fiscal consolidation measures in the next two years,” Rehn told reporters at the Brussels meeting. “We will focus on the structural sustainability of public finances over the medium term. That means structural effort, not only the nominal target.”
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