BRUSSELS (Reuters) - The European Commission is likely to delay a decision on whether to suspend European Union funds for Spain and Portugal until after the summer, a vice president of the EU executive said on Wednesday.
Madrid and Lisbon are at risk of EU sanctions for not having sufficiently corrected their excessive deficits last year, in breach of EU fiscal rules. They could be fined up to 0.2 percent of their gross domestic product and have billions of euros in EU structural funding partially suspended.
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