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Spain is deploying a basic income to citizens to ease the coronavirus impact

From cnbc.com

Some Spaniards are about to receive additional financial help as the government pushes through the first nationwide basic income, but there are doubts the initiative will reduce high levels of unemployment and inequality. The Socialist-led coalition government will be spending about 3 billion euros ($3.29 billion) every year to support poorer citizens. The basic income is meant to reach 850,000 households and 2.5 million citizens. Spain has a population of about 46 million people. The plan to install a basic income was a pre-electoral promise, but it was accelerated due to the coronavirus pandemic and its economic ... (full story)

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  • Category: Fundamental Analysis