Press Release: Commission recommends imposing a fine on Spain for misreporting of deficit data in Valencia

Following the conclusion of the investigation related to the manipulation of statistics in the Autonomous Community of Valencia (Comunidad Valenciana), Spain, the European Commission adopted on 7 May 2015 a report and recommended to the European Council to impose a fine.

This is the first time that the Commission draws on its new powers under the "Six Pack" economic governance legislation to investigate suspected manipulation of a Member State's debt and deficit data.

European Commission: DG Communication: RAPID: MEMO/15/4936, 07.05.15: Questions and Answers: Commission investigation into statistical reporting in Valencia http://europa.eu/rapid/press-release_MEMO-15-4936_en.htm

ESO: Background information: Commission opens investigation into statistical reporting in Valencia http://www.europeansources.info/record/press-release-commission-opens-investigation-into-statistical-reporting-in-valencia/

EUObserver, 07.05.15: Spain faces fine over false statistics https://euobserver.com/news/128617

---