Spain's self-declared deficit target of 5.8% of GDP "is dead," says Eurogroup chief Juncker, as...

|By:, SA News Editor

Spain's self-declared deficit target of 5.8% of GDP "is dead," says Eurogroup chief Juncker, as European finance ministers reach an accord with Spain to cut an additional 0.5% of GDP out of the 2012 budget. Spain still says it will hit the eurozone's 3% limit in 2013.