Spain unveils aid package for people and businesses hit by coronavirus crisis

The Spanish government approved a €700 million aid package of economic and social measures to assist those affected by the almost total shutdown of the economy amid the coronavirus crisis. 

The new measures include the suspension of evictions of vulnerable households for six months. The measure is set to cover people who are unable to meet rental payments, such as the unemployed, workers who have been temporarily laid off and self-employed people with low earnings. In addition, mortgage moratorium is extended to include the self-employed.

As for rental contracts that are due to expire, the Spanish government said that those will be extended for six more months, while people unable to pay their rent will be offered zero-interest loans to meet their rental duties. 

The package would also allow self-employed people and small to medium-sized businesses to defer their social security payments for six months.

At the same time, the government announced that clients of water and power utilities will not be cut off over unpaid bills. 

“What is approved today is a safety net that protects our society,” said Nadia Calviño, Spanish Minister of Economy and Business, adding that the aim was to “minimise the movement of workers to its most basic level without losing production capacity”.

Confirmed coronavirus cases in Spain surpassed 102,000, with over 9,000 reported deaths. Despite a slight decrease in new coronavirus infections, the country set a record in the number of fatalities on Wednesday, reporting 864 deaths in the previous 24 hours.

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