Spain brings in basic income scheme to deal with coroanvirus outbreak - Business Insider

The Spanish government will next week approve a basic income programme which will provide a guaranteed income for poorer Spaniards.

Up to 1 million families will receive the new benefit, which is expected to cost Spain between 3 billion and 3.5 billion euros annually. Spain's social security minister Jose Luis Escriva said on Monday that ministers would approve the programme during a weekly cabinet meeting on May 26,Escriva said up to 1 million families would receive the new benefit, which is expected to cost between 3 billion and 3.5 billion euros annually.

And forever be in debt. Upside down already for having cooked the books and got caught doing so. What else do they have to lose. Ask the central banks for more money.

Not really basic income unless everyone gets it. Sounds more like a standard welfare program.

Spain can’t print it’s own money. How’s this gonna work?

AbrahamNoubani_

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

A long economic crisis will be the end of founder-friendly deal terms - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Business travel after coronavirus: Top CEOs weigh in on changes - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Plexiglass beach isolation boxes for coronavirus reopening - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. What a joke Great dumb idea
Source: BusinessInsider - 🏆 729. / 51 Read more »

Wall Street's top distressed credit and debt traders - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »