Spain's government is digging in its heels over trimming its deficit. <br /><br />Prime Minister Mariano Rajoy is lobbying Brussels, trying to get more lenient deficit targets from the European Commission.<br /><br />Madrid argues that with the economy slipping into recession it cannot cut spending by more than 40 billion euros this year to reach a deficit target of 4.4 percent of gross domestic product.<br /><br />...<br />http://www.euronews.net/
