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EU's Rehn seeks more fiscal cuts by Spain, Portugal

BRUSSELS, May 10 (Reuters) - Spain and Portugal must commit to carrying out extra fiscal cuts this year, the European Union's monetary affairs chief said on Monday. "It is absolutely essential that governments such as Portugal and Spain commit themselves to additional fiscal consolidation measures still this year," Economic and Monetary Affairs Commissioner Olli Rehn said during a conference. (Reporting by Marcin Grajewski, writing by Timothy Heritage) Keywords: EU SPAIN/PORTUGAL (marcin.grajewski@thomsonreuters.com; +322 2876830; Reuters Messaging: marcin.grajewski.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved.

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