Spain misses its already revised higher budget deficit goal for 2011, coming in at 8.51% of GDP...

|By:, SA News Editor

Spain misses its already revised higher budget deficit goal for 2011, coming in at 8.51% of GDP against December's estimate of 8% and the government's goal of 6%. The finmin is seeking EU approval to raise the 4.4% 2012 target, saying 2011's result combined with the recession make hitting that figure difficult.