May 19, 2020 / 3:01 PM / 7 days ago

Spain could approve new liquidity funding to companies - govt spokeswoman

MADRID, May 19 (Reuters) - Spain could approve new liquidity lifelines beyond the 100 billion euros ($109.39 billion) of state-backed credit lines announced in March to help companies and households weather the coronavirus crisus, government spokeswoman Maria Jesus Montero said on Tuesday.

“If companies and the productive sector need more liquidity, the government will obviously provide the liquidity mechanisms that will keep them alive,” Montero said during a press conference after the weekly cabinet meeting.

The announcement comes a day after the Bank of Spain governor called for an extension of temporary liquidity measures to support companies in these worst-affected sectors like tourism.

$1 = 0.9142 euros Reporting By Jesús Aguado and Emma Pinedo; Editing by Nathan Allen

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