Economics
Spain Weighs Major Boost to $113 Billion Loan Guarantee Plan
- Increase may be as much as 50 billion euros, one person said
- Spain’s program has attracted demand from many businesses
People walk along a pedestrianized shopping street in Madrid on May 25.
Photographer: Paul Hanna/BloombergThis article is for subscribers only.
Spain is weighing plans to significantly increase the size of its 100 billion-euro ($113 billion) loan-guarantee fund after the program attracted huge demand from businesses struggling to weather the coronavirus pandemic, according to people familiar with the matter.
Officials are considering pledging as much as 50 billion euros in additional guarantees, one person said. Others said the ultimate size depends on how the negotiations unfold. They all spoke on condition of anonymity because the details aren’t public.