May 31, 2020 / 12:50 PM / a month ago

Spanish PM says Spain hoping for 140 billion euros from EU relief fund

BARCELONA (Reuters) - Spain’s Prime Minister Pedro Sanchez said on Sunday he hoped Spain would get 140 billion euros (125.9 billion pounds) from a new European Union recovery fund.

The EU is set to borrow 750 billion euros for the fund, which will offer a mix of grants and loans to countries hardest hit by the pandemic.

Reporting by Graham Keeley; Editing by Alexandra Hudson

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