| Author (Person) | Johnson, Miles, Spiegel, Peter |
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| Series Title | Financial Times |
| Series Details | 11.5.12 |
| Publication Date | 11/05/2012 |
| Content Type | News |
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Article reported that Spain would be offered in May 2012 more time to hit the budget deficit targets it agreed with the EU but only if the Spanish government met new conditions, including an independent audit of the restructuring plan for its troubled banks. The European Commission insisted on the extra conditions – which included ensuring more fiscal control over Spain’s regional governments – before allowing Spain to delay its 2013 deficit target by a year. The Spanish government was expected to announce plans to reform its troubled banking system on the 11 May 2012 |
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| Countries / Regions | Spain |
