Economics
Spain Gets Governor’s Nudge for Plans to Boost $113 Billion Aid
- Hernandez de Cos urges lawmakers not to withdraw aid too soon
- Furlough program is also pressing, with expiry due next week
Pablo Hernandez de Cos
Photographer: Zach Gibson/BloombergThis article is for subscribers only.
Spain’s government is getting a nudge from the country’s central bank to deliver more economic aid and avoid the risk of permanent damage from the coronavirus crisis.
Bank of Spain Governor Pablo Hernandez de Cos on Tuesday urged lawmakers to increase the country’s 100 billion euro ($113 billion) state-backed loan guarantee fund, and the extension of furloughs that ensured millions of Spaniards received at least a portion of their salaries during one of Europe’s strictest lockdowns.