20 July: EP wants say over possible suspension of funds

July 20, 2016

EP President Schulz told the European Commission on 20 July that his institution wants to have a say in a decision to suspend structural funds for Spain and Portugal, following the Council's decision of 12 July that both countries have failed to take effective action under the excessive deficit procedure.

See the news coverage by Euractiv: http://www.euractiv.com/section/euro-finance/news/meps-step-in-to-ease-sanctions-over-deficit-rules/

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