Press Release: Deficit data in Valencia: Spain fined for misreporting

On 13 July 2015 the Council of the European Union imposed on Spain a fine of €18.93 million for the manipulation of deficit data in the Autonomous Community of Valencia (Comunidad Valenciana).

This was the first time a fine was imposed for data manipulation under regulation 1173/2011. The regulation was adopted in 2011 as part of a strengthening of EU fiscal surveillance.

• Primary Source

ESO: Background information: Commission recommends imposing a fine on Spain for misreporting of deficit data in Valencia http://www.europeansources.info/record/press-release-commission-recommends-imposing-a-fine-on-spain-for-misreporting-of-deficit-data-in-valencia/

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