The Cabinet approved a plan today designed to jumpstart the economy and mobilizes 6.3 billion euros. Some of the measures within this plan were announced previously, but final sign off was needed from several departments. Moncloa has bundled everything into one packet in order to put the plan in place.
In addition to the billion euros allocated to re-industrialize Spain, a public-private collaboration will try to improve national infrastructure and entrepreneurship. It is significant that the money funding the plan is coming from within the EU, the European Bank of Investments and the ICO. This way, public spending will not have to increase much at a time when nations are trying to keep their deficits and national debts trim.
