Spanish Prime Minister Pedro Sanchez announced Tuesday his government has approved a 200 billion euro (almost $220 billion) aid package to help tackle the economic impact of the coronavirus pandemic.
The package amounts to about 20% of the country’s GDP and is “the biggest mobilization of economic resources in Spain’s history,” Sanchez said during a news conference.
Of that total amount, 600 million euros ($660 million) will be put into basic social services, with a special focus for health assistance for the elderly and other vulnerable groups.
The government is also facilitating the protection of the water, electricity and communication providers “to guarantee essential public services.”
“We are also guaranteeing the right to housing for those with more difficulties. Nobody in a touch economic situation will lose their house,” the prime minister said.
On the industry front, Sánchez promised that independent workers may receive subsidies if they see their workload reduced. He also appealed to business owners not to fire their employees.