March 12, 2020 / 3:20 PM / 19 days ago

Spain's cabinet approves 2.8 bln euro coronavirus aid package

MADRID, March 12 (Reuters) - Spain’s cabinet has approved the creation of a 2.8 billion euro aid package to help regional authorities mitigate the economic impact from coronavirus, Prime Minister Pedro Sanchez said on Thursday.

Speaking after an extraordinary cabinet meeting, Sanchez also announced a 1 billion euro contribution to the health ministry’s budget, as well as 14 billion euros in liquidity for small and medium companies.

Reporting by Inti Landauro, Clara-Laeila Laudette; Writing by Nathan Allen; Editing by Jesus Aguado

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