MADRID (Reuters) – The Spanish government’s direct aid to small and medium-sized companies, to be approved by the cabinet on Friday, will likely total 7 billion euros ($8.4 billion), up from a previously-proposed 5 billion, a government source told Reuters.
The total aid package worth 11 billion euros will also include 3 billion euros to be implemented through voluntary debt restructurings of state-backed loans granted by banks to companies hit by the coronavirus, the source said on Thursday.
The remaining 1 billion will come in the form of capital injections.
($1 = 0.8362 euros)
(Reporting by Belen Carreno, writing by Andrei Khalip; Editing by Nathan Allen)
