US business press reports Spain is planning to launch a €6.3 billion ($8.59 billion) economic stimulus package

Author: Eamonn Sheridan | Category: News

In the Wall Street Journal: Spain Prepares $8.6 Billion Economic Stimulus Package
Prime Minister Mariano Rajoy Plans to Approve Details of Measures on Friday (gated)

  • Spanish Prime Minister Mariano Rajoy told 200 business leaders at a conference on Saturday that his government will on Friday approve a €6.3 billion ($8.59 billion) economic stimulus package
  • Set to take effect in the second half of this year
  • Also said he would cut the main corporate tax rate to 25% from 30%

The Journal was citing a report in Spanish news agency EFE


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