Spain Will Allocate $85 Billion Stimulus to Aid Economy

Spain plans to spend €72 billion over three years to revive its economy, aiming for growth by next year. The government hopes to reduce the deficit to 7% and modernize the economy with European funds. However, challenges exist due to the minority government's lack of economic track record, and market perceptions reflect this. Comparatively, Italy appears more stable, as seen in the narrowing spread between Spanish and Italian markets. The impact of COVID-19 remains a significant concern for Spain's economic recovery.

What is the total amount Spain plans to spend over three years to boost its economy?

• €50 billion

• €72 billion

• €100 billion

• €85 billion

What percentage of the recovery funds does Spain expect to receive from Europe?

• 50%

• 80%

• 60%

• 70%

What is a significant challenge faced by the Spanish government in implementing its economic plan?

• High inflation rates

• Insufficient funds

• Lack of support in Parliament

• Unemployment

How does the market view Spain's economic stability compared to Italy?

• Less stable

• More stable

• Equally stable

• Unstable

Which city in Spain has been particularly affected by the economic downturn?

• Madrid

• Valencia

• Seville

• Barcelona