Spanish Prime Minister Pedro Sanchez announced the largest financial aid package in the country’s democratic history of up to €200 billion ($219 billion) to fight coronavirus known as COVID-19.
That is approximately equivalent to one-fifth of the country’s GDP.
“We aren’t going to leave anyone behind,” he said in a televised speech on Tuesday. “The state is going to take on the economic shock.”
Sanchez is an economist and leader of the Spanish Socialist Party.
He said anyone made economically vulnerable by the coronavirus will be able to rely on the state for support.
The country, heavily dependent