EU warns Spain, Portugal over spending

Duration = 01:33

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EU finance ministers say Spain and Portugal have broken the bloc's budget rules and have not done enough to reduce their deficits. That was the decision taken at a meeting in Brussels, endorsing a European Commission view that Madrid and Lisbon were out of line. "Logically when there are circumstances in which the rules do not seem to fit with what has to be delivered - namely to establish positive incentives for a country to reduce the public deficit at the right pace - we should modify the r… READ MORE : What are the top stories today? Click to watch: euronews: the most watched news channel in Europe Subscribe! euronews is available in 13 languages: In English: Website: Facebook: Twitter: Google+: VKontakte:
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