With an economy shattered by the COVID-19 pandemic, the Spanish government rolled out a €200 billion stimulus package.

The package includes a number of wide-sweeping provisions targeting the most affected businesses and individuals, which included:

€100 billion of state loan guarantees for businesses to help liquidity, especially for SMEs;

– Other government commitments would amount to €17 billion;

– Easier for people to be furloughed and retain their benefits;

– Suspension of certain social security payments;

– €600 million for the vulnerable and those on social services;

– Moratorium on mortgage payments and guarantees for utilities