EU approves coronavirus state support for Portugal

in News · 06-04-2020 11:14:00 · 2 Comments

The European Commission has approved a multi-billion-euro state support packages for Portugal to help soften the economic impact of the coronavirus through grants and loan guarantees.

The Commission approved a 13-billion-euro state aid program for the Portuguese economy over the weekend.

The EU said the loan wold “enable Portugal to provide direct grants and public guarantees on loans to help small-and-medium-sized companies and large companies cover investment and working capital needs”.


Comments:

Another bail out to the german and French banks, courtesy of the Portuguese tax payers and their future generations!

By Anna from Madeira on 08-04-2020 01:54

Portugal dont need any money, why do we need a bailout? To pay the mafia dons??? Everybody in Portugal is taught to save, even if this goes on for another month everybody has cash and food!!!! Viva Salazar

By Linda dolan from Beiras on 07-04-2020 01:42
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