Spain could be assigned €77 billion in grants and €63 billion in loans from a €750-billion Covid-19 recovery program that was announced by the European Commission on Wednesday.

EU sources said that Spain may be getting a total of €140 billion to help shore up its economy, which is expected to contract by anywhere between 9% and 13% as a result of the coronavirus lockdown, according to the latest estimates by the Bank of Spain.

Read the news.

(Source El País)