UPDATE 2-Spanish economy seen hit by lower consumption, euro zone slowdown <!-- no image --> <div>* Maintains projections for budget deficit reduction (Adds details and quotes from Bank of Spain director general)<div class="feedflare"> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=EQcC1b9Rqrg:jt4a4polUPI:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?d=yIl2AUoC8zA" border="0"></a> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=EQcC1b9Rqrg:jt4a4polUPI:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?i=EQcC1b9Rqrg:jt4a4polUPI:V_sGLiPBpWU" border="0"></a> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=EQcC1b9Rqrg:jt4a4polUPI:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?i=EQcC1b9Rqrg:jt4a4polUPI:F7zBnMyn0Lo" border="0"></a> </div><img src="http://feeds.feedburner.com/~r/reuters/UKBankingFinancial/~4/EQcC1b9Rqrg" height="1" width="1" alt=""></div> Posted by Reuters