Spain Throws Lifeline to Companies Battling to Survive Pandemic
- Government gives incentive for shareholders to help businesses
- Spanish economy faces historic slump as pandemic wreaks havoc
A pedestrian wearing a protective face mask walks past shuttered stores in Barcelona, on April 30.
Photographer: Angel Garcia/BloombergThis article is for subscribers only.
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Spain scrapped the threat of forced liquidation for companies that run up major losses this year as part of a series of changes announced by the government to stave off insolvencies amid the economic turmoil caused by the coronavirus.