Bloomberg

Spain unveils $4.8 billion plan for beaten-up tourism sector

A pedestrian walks down a street lined with shuttered bars and restaurants in Lloret de Mar, Spain, on May 19, 2020. Foto: Bloomberg/by Angel Garcia

Spanish Prime Minister Pedro Sanchez announced a 4.25 billion-euro ($4.75 billion) package to bolster the country's battered tourism industry.

"The good news is that thanks to how the epidemic has evolved, we've been able to move forward the re-opening of our borders," Sanchez said Thursday at a speech in Madrid, referring to the decision to allow members of the certain European countries to enter Spain freely as of June 21...

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