Germany to give 1 billion euros in aid to Spanish SMEs

Note: This section contains information in English only.
Source: Reuters
© Scanpix/AFP
Germany plans to provide EUR 1 billion worth of support to Spanish small and medium-sized enterprises in an attempt to fight rising unemployment. The aid package consists of various financial instruments that will be used to improve Spanish SMEs' capital structure and deal with liquidity shortfalls. The German finance ministry expects other European organizations to contribute to the program as well.
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