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Reductions in the price of medicinal products and medical devices: new Royal Decree-Law 82010
  • Bird & Bird
  • Spain
  • October 21 2010

In order to comply with the so-called Excessive Deficit Procedure (also known as the corrective arm) established by the European Union pursuant to Article 126 of the Treaty on the Functioning of the European Union (TFEU), Spain established in its agenda to reduce its government deficit to 3 of gross domestic product (GDP) by 2013.