BERLIN (AP) — Spain's new government quickly sought to downplay remarks by its finance minister that raised doubts Friday over whether Madrid could deliver its goal of cutting its budget deficit.
Cristobal Montoro said in an interview with The Financial Times Deutschland that the target of 4.4 percent of gross domestic product this year was based on "outdated" growth forecasts by the previous government of 2.3 percent growth in 2012. The new government expects Spain to go into recession this quarter.
Montoro said of the 4.4 percent figure that "it is desirable, and it would be good to manage this," according to the report. It …
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