(Bloomberg) -- Spain’s government is looking at ways of guaranteeing credit to small and medium-sized businesses affected by the outbreak of the coronavirus, newspaper El Pais reported Saturday, citing unidentified government sources.
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The government is concerned about a drop in revenue, particularly in the tourism industry, and that banks may end funding due to the increased risks.
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The need to react to the outbreak may also slow the government’s efforts to modify a labor market reform that was approved by a conservative administration in 2012. Any measure directly affecting companies will now be carefully weighed.
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