Memo: Statement of Vice President Olli Rehn on the approval by the Spanish Government of extraordinary fiscal measures and the fiscal slippage in Spain

Following the announcement by the Spanish Government of a far-reaching package of fiscal measures to be complemented by comprehensive structural reforms in early 2012 in response to the sizeable fiscal slippage expected for 2011, the Vice President of the European Commission in charge of Economic and Monetary Affairs and the Euro, Olli Rehn, delivered a statement.