Spain pledges more economic support as pandemic slows

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Spain’s cabinet has approved measures to support workers and businesses struggling under stringent coronavirus restrictions as officials cheered a slowing infection rate.

The package of measures included an extension of unemployment benefits and modifications to the tax code that should free up 1.1 billion euros ($1.2 billion) in liquidity to support small businesses and the self-employed.

Despite allowing some businesses to reopen last week, Spain remains under one of Europe’s strictest lockdowns with millions cooped up at home and not even allowed out for exercise.

Read the full Reuters story here.

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