Spanish Prime Minister Pedro Sanchez today announced the first emergency aid package of €10.6 billion in loans and grants for flood victims in southeastern Spain. “The total investment for these first measures” will exceed 10.6 billion euros, Spain’s prime minister said as he announced a series of measures after a cabinet meeting The Spanish prime minister said the government plans to spend around 838 million euros on direct cash payments to those affected by the deadly floods. The measures will target 65,000 workers and 30,000 businesses, the Spanish Prime Minister explained. The Instituto de Credito Oficial (ICO), the government’s credit agency, will guarantee up to €5 billion in loans to small and medium-sized businesses, the self-employed and families to finance reconstruction efforts. In addition, resources will be made available to suspend the payment of taxes and levies, as well as to finance the replacement of property and the rehabilitation of the road and rail network. The Spanish government, which […]
Source: News Beast
With 6 years of experience, I bring to the table captivating and informative writing in the world news category. My expertise covers a range of industries, including tourism, technology, forex and stocks. From brief social media posts to in-depth articles, I am dedicated to creating compelling content for various platforms.
