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Spain to guarantee up to 80% of SME bank loans to ease virus impact

FILE PHOTO: Healthcare workers are pictured at the entrance of the emergency unit at La Paz
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MADRID (Reuters) - The Spanish government approved on Tuesday a burden-sharing scheme for banks as part of state-backed credit lines to help companies limit the impact of the coronavirus outbreak and released an initial tranche of 20 billion euros (18.4 billion pounds).The measures are part of a total of 100 billion euros in state-backed credit lines approved last week, embedded in a wider,..
Date Published: Mar 24, 2020
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