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    EU ready to ease Spain's deficit pain

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    euronews (in English)

    by euronews (in English)

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    Spain could get an extra year until 2014 to cut its debts, the European Commission has said. The potential lifeline came as Spanish borrowing costs once again crept towards the danger zone.

    Brussels insists any concession is on condition Madrid reins in its profligate autonomous regions and speeds up reforms.

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    http://www.euronews.net/