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Pedro Sanchez announces €11-billion stimulus package aimed at hardest hit businesses

Written by on February 24, 2021

Prime Minister Pedro Sanchez has announced a fresh €11-billion stimulus package aimed at helping hard-hit businesses amid the pandemic.

In a speech at the Congress of Deputies, the PSOE leader said that the money would help keep businesses solvent so that they would be able to recover and re-employ staff laid off during the various lockdowns.

Outlining his plans, he said that the aid will be available for companies in the tourism and hospitality sectors, small businesses and self-employed workers. He said that legislation regarding the package will be passed in the coming weeks.