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Spain's prime minister announces fresh $13B stimulus

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Spanish Prime Minister Pedro Sanchez announced Wednesday a fresh €11-billion ($13.3-billion) stimulus package aimed at helping hard-hit businesses amid the pandemic. reports that he said the money will be directed at “reinforcing solvency” so businesses will be able to stay afloat and recover their employees and investments.

Without providing too many details, Sanchez said the money will be aimed at companies in the tourism and hospitality sectors, small businesses, and self-employed workers. He said the bill will be passed in the coming weeks.

“We have to keep supporting, during the tough weeks we still have ahead, sectors that were thriving and competitive before the pandemic but now find themselves in situations that are extraordinarily complicated,” explained the Spanish leader.

2021.02.25 / 09:31
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