EU extends Spain's deficit timeline by one year

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Wed, 11 Jul 2012 8:39a.m.

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The European Union is working towards stabilising Spain's finances as it backs up the blueprint for the country's €100 billion bank bailout plan with plans to grant the country an extra year to cut its budget deficit.

The European Union is working towards stabilising Spain's finances as it backs up the blueprint for the country's €100 billion bank bailout plan with plans to grant the country an extra year to cut its budget deficit.

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