Spain’s Finance Minister Nadia Calviño said on Thursday that “the Spanish economy has started to recover” from the effects of Covid-19, although “some industries and geographic areas may have more difficulty.”

Calviño told Spanish TV channel Antena 3 that that “75% of the workers who were under the ERTE furlough scheme have already returned to work,” adding that the government will have to look at “whether that ERTE furlough needs to be extended beyond September for some sectors that might be more affected.” 

“We need to avoid structural damage to our economy,” she warned. The minister added that “this year we will have to issue €100 billion ($118bn) more debt that we had envisaged.”

Source : CNN


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