Following the discussion over deficit cap amendment, Spain was successful in raising an amount of $5.2 billion. It has been revealed that the proposal of amending the deficit cap would take place between the two main parties of Spain and the final decision would be taken in the next week’s Parliamentary session.

It has been informed that if the amendment is passed by the parliament, then the deficit cap of 0.4% of the Gross Domestic Product will be placed in a separate law, which will be passed in the next year. Even if the law is passed next year, it won’t be implemented before 2020.

It seems like the unions are not quite happy about the proposed changes as they are seeing holding protests in the street. It has been unveiled that the biggest protest of the unions has been decided to take place at Madrid.

However, while commenting upon the proposed changes, the Prime Minister of the country has said that the changes would bring more investors to the country which will ultimately boosts its revenue. The comments of the Prime Minster stand true as the country has already begun to receive a number of investor who are adding huge numbers to the country’s revenue.