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Coronavirus: Spanish PM announces $220 billion economic aid package

The entire world is in a state of shock after the novel coronavirus outbreak impacted lakhs of people’s lives. So far, more than 5,000 people have passed away linked to coronavirus and more than 1.6 lakh people were affected by the virus infection. In India alone, the confirmed positive cases of coronavirus have surpassed 80.

The coronavirus disease has sabotaged the international calendar of sporting events across the world. The Board of Control for Cricket in India has postponed the Indian Premier League until mid-April while also calling off the ODI series between India and South Africa. Further details are awaited.

Indian Prime Minister Narendra Modi asked the citizens not to panic and asserted that the Indian government is taking necessary steps to prevent the fast-spreading disease.

It has been learnt that the coronavirus pandemic has claimed the lives of at least 3,158 people in China alone and 4,325 worldwide, as per the experts. It has affected nearly 120,000 people in a dozen countries globally.

As the virus infection continues to have an impact on the economy of several countries, Spanish Prime Minister Pedro Sanchez on March 1 had announced the approval of $200 billion aid package to combat the monetary effects of the pandemic.

Calling it the “biggest mobilization of economic resources in Spain’s history”, Sánchez had urged the country people to tackle the pandemic and “win against the virus” as it has claimed over 500 lives in the country.

While the pandemic has now spread to over 160 nations, Spanish PM said that in the face of the pandemic, Spain has to protect its jobs, companies and families with a social including economic shield so that no person is left behind.

As per the international reports, out of the total assistance sanctioned by the Spanish government, $660 million will be given to basic social services with an important focus towards health backup for the elderly people along with other vulnerable groups of the society to the deadly virus.

In addition to that, Spanish PM also said that the government is working to facilitate the protection of the water, electricity, and communication providers “to guarantee essential public services”. He had also promised the right to housing to those are in crisis and had assured that “nobody in a tough economic situation will lose their house”.

In addition to that, in the industrial front, Sánchez pledged that private-sector workers might receive subsidies if they notice that the workload is cut down and also urged the business owners of the nation to not fire their workers.

Written by Sagar Abhinandan

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