Spanish Prime minister Mariano Rajoy gives a press Conference after meeting with Spanish King, at La Moncloa palace in Madrid on February 26, 2016. / AFP / CURTO DE LA TORRE
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Spain's acting Prime Minister Mariano Rajoy said in a Wednesday interview he was eyeing more tax cuts if re-elected, just as Brussels mulls sanctions against Madrid for breaking deficit rules.Spain's deficit came in at 5 percent of gross domestic product last year, far higher than the 4.2 percent initially predicted by Rajoy's ruling conservative Popular Party (PP) and vastly above the 3 percent limit set by eurozone rules.Madrid has raised its public deficit target this year from 2.8 percent of GDP to 3.6 percent, which means Spain will once again fall short of the limit set by Brussels.
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