Spanish Prime Minister Pedro Sanchez said on Monday that he hopes that EU leaders will agree on a recovery plan in the coming hours. “Reaching EU agreement will require empathy, dialogue and determination,” Sanchez said. European leaders will resume talks again later at 1400 GMT today, extending the summit in …
Read More »Gualtieri: Fight Hard Not to Modify the Recovery Fund
Ahead of Friday’s European Union (EU) summit, Italian Economy Minister Roberto Gualtieri reiterated the country’s support for the new recovery fund worth 750B euros. Adding that they will try not to modify the overall amount or the breakdown between grants and loans to try and achieve that goal.As mentioned before, …
Read More »Spain to Provide EUR 2bn for Transport Companies
The Spanish government plans EUR 1.8 billion ($2 billion) in aid to support transport companies amid the COVID-19 crisis, said the Minister of Transport, Jose Luis Abalos, as cited by Reuters. Renfewill receive EUR 1 billion, private transport companies will get EUR 673 million, while Seipsa is set to obtain …
Read More »Spain and Germany to Discuss EU COVID Fund
The Prime Minister of Spain, Pedro Sanchez, is set to meet with German Chancellor Angela Merkel to discuss the European Union (EU) recovery fund. “Spain’s future is at stake in the coming days,” said the Spanish government spokeswoman Maria Jesus Montero, Reuters reported. German Chancellor Angela Merkel recently said that …
Read More »Spain Sets New Deal for Reactivating Economy
The Spanish government signed an agreement with business leaders and unions on Friday to reactivate the economy and create job opportunities, local paper El Pais reported. The agreement includes a support plan of EUR 40 billion for business loans aimed at funding the digital transformation of Spanish companies and businesses. …
Read More »Calvino: COVID-19 EU Debts Must Be Repaid
All the debt issued by the European Union (EU) to help its member states in the fight against the coronavirus disease (COVID-19) pandemic will eventually be paid back, according to Spain’s Minister of Economy Nadia Calvino. “The long-term sustainability of the debt is guaranteed and we are making plans and …
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