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Wed 1 Jan 2014

European countries' deadline to meet deficit-cutting goals expires after extension

  • By Yafit Lazar and 1 other
  • Last update: 74 weeks ago
  • Europe

EU Commision's deadline to meet deficit-cutting goals may expire after extension

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Eurozone countries face a postponed deadline to meet deficit-cutting goals following the failure of several states to achieve previously set targets.

The move comes after France admitted it was likely to miss this year's deficit goal of 3 percent of GDP as its economy flounders.

Spain is also known to face difficulties concerning the previous deadline.

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