Spanish economics minister speaking n MAdrid

  • Spain will reach 3% reduction goal by 2017
  • Spain will meet EU budget limit next year
  • Spanish deficit figures should be viewed in context

Earlier today, El Pais reported that the EU were prepared to give Spain another year to bring its deficit down to the required level of 3%.

So, de Guindos need not panic about hitting the target as that can is always for kicking.