By John Smith • Published: 07 Jun 2020 • 11:41
IN a virtual meeting between Prime Minister Pedro Sánchez and heads of the autonomous regions and cities, he confirmed today (June 7) the availability of €16 billion to help face the fallout from the coronavirus, Covid-19 pandemic.
The split will be €9 billion for health, €2 billion for education and €5 billion to assist local economic recovery although how much each region is to receive has not yet been revealed.
Although timing is fluid, it is expected that €6 billion will be distributed in July, €2 billion in September, €3 billion in November and the balance in December with each tranche being used for a specific and directed purpose.
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Married to Ophelia in Gibraltar in 1978, John has spent much of his life travelling on security print and minting business and visited every continent except Antarctica. Having retired several years ago, the couple moved to their house in Estepona and John became a regular news writer for the EWN Media Group taking particular interest in Finance, Gibraltar and Costa del Sol Social Scene. Currently he is acting as Editorial Consultant for the paper helping to shape its future development. Share your story with us by emailing newsdesk@euroweeklynews.com, by calling +34 951 38 61 61 or by messaging our Facebook page www.facebook.com/EuroWeeklyNews
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