Spain readies 150 billion euro coronavirus investment plan, PM says

07/03/2020 | 04:59am

Spain is preparing a 150 billion euro (135.32 billion pounds) investment plan to be financed by European Union funds that will help the country's economy recover from the coronavirus, Prime Minister Pedro Sanchez said on Friday.

"It will be a public investment plan that will also mobilize private resources," he said during a speech at the Moncloa Palace government headquarters.

According to an EU plan, Spain would receive about 140 billion euros from a special recovery fund.

(Reporting by Inti Landauro and Emma Pinedo; Editing by Nathan Allen)

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