Juncker issues WARNING SHOT to Spain: There will be NO MORE funds if debt isn’t controlled

SPAIN has been warned by Brussels it could be refused a huge amount of financial support if it fails to get its budget deficit under control.

The European Commission has to re-rule on the possible freezing of funds for Spain, after consulting the European Parliament later this month or in early October.

It’s thought president Jean Claude Juncker is in favour of applying the first sanction if the Spanish government fails to fulfil its commitments to start taking measures to reduce the deficit in the second half of 2016 and in their draft budgets for 2017. Continue reading