MADRID (Reuters) – The Spanish government would issue debt to compensate for any potential delay in the approval and disbursement of EU rescue funds, which represent a risk for the economic recovery, Economy Minister Nadia Calvino told reporters on Thursday.
Spain is counting on the funds to launch a recovery plan as early as January 2021, Calvino had said earlier this week.
Spain is due to receive around 140 billion euros ($164.29 billion) in grants and loans out of the EU’s 750-billion-euro coronavirus recovery package.
(Reporting by Inti Landauro and Beln Carreo, editing by Andrei Khalip)
