The Banks ask the Government to Copy Germany and Guarantee Some of its Loans

The Spanish financial sector is asking the Government to guarantee some of the loans that are now being requested by a multitude of companies and self-employed people, and to activate similar measures to those planned in Italy and those approved in Germany to alleviate the effects of the coronavirus, according to Vozpópuli.

Various sources, such as Spanish banks and other organisations, such as the sector’s trade association, the Spanish Banking Association (AEB), are uniting to highlight the importance of the Executive agreeing to guarantee their loans during the coronavirus crisis, through institutions such as the ICO.

Original Story:

Translation/Summary: Carmel Drake

27