Spain will approve an additional 11 billion euro package help for companies

Spain's Prime Minister Pedro Sanchez announced on Wednesday an additional 11 billion euro ($13.4 billion) package for companies and self-employed to help them cope with the economic crisis due to the coronavirus pandemic.

Several sources told Reuters earlier this month that the government was aiming to outline in the coming weeks a set of measures to support companies, possibly including haircuts on state-backed loans as well as direct state aid to help smaller firms weather the COVID-19 pandemic. ($1 = 0.8224 euros)