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Global Trade Alert

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Spain: EU approves EUR 10 billion recapitalisation fund (COVID-19)

Description

On 31 July 2020, the EU approved a EUR 10 billion (approx. USD 11.8 billion) Spanish Recapitalisation Fund for strategic enterprises, as a response to the economic crisis originated by the COVID-19 pa...

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Intervention Details

Intervention Type

Capital injection and equity stakes (including bailouts)

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

31 Jul 2020

Revocation date

30 Jun 2022

Implementation level

NFI

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

all

Affected Trading Partners

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