Spain Readies Measures to Support Hospitality Sector, Mulls Longer Loan Scheme

The Spanish government is considering extending its scheme of state-backed credit lines beyond December while also preparing measures to support the battered hospitality sector during the coronavirus pandemic, sources with knowledge of the matter said, Reuters reported. “Everything is under discussion right now, the increase of the grace period, the extension of those credits and of the entire scheme beyond December, but nothing has been closed yet,” one source said. Hotels, bars and restaurants have been particularly badly hit as the pandemic stifled tourism in one of the world’s most visited countries. Hundreds rallied in Seville, the capital of Spain’s most populous region of Andalusia, demanding direct state aid to “save the hospitality industry” as new restrictions kicked in, ordering bars to close at 6 p.m. Read more