Post by jinathjemi22222 on Feb 25, 2024 3:22:24 GMT -5
The Government will mobilize 200,000 million public euros, 20% of GDP, to alleviate the economic consequences of the coronavirus crisis . It was announced by the President of the Government, Pedro Sánchez, who has warned that it will be the "most important mobilization of public resources in the history of democracy." It is "a framework of great economic injection" in which the private sector will also participate: of the 200,000 million, 117,000 million will be public. In addition, 600 million will be allocated to vulnerable groups, to guarantee basic services and to impose a moratorium on mortgages. 30 million are allocated in research and development (R&D) for Health. Sánchez has emphasized that this is an "unprecedented" royal decree, an "unprecedented shock plan" with a "very powerful" argument: "No one is going to be left behind. No one is going to be left without a response as a result of this unexpected crisis.
The President of the Government, Pedro Sánchez, has warned that with this economic injection he aims to prevent a "temporary crisis" from permanently affecting the labor market in Spain. Furthermore, the leader of the Executive has stressed on several occasions that this is a "temporary crisis." Measures for SMEs, companies, self-employed workers and employees For this reason, it has C Level Contact List also announced that salaried workers will be able to adapt or reduce their working hours "even by 100%" to address "the need to reconcile , derived from this crisis." In addition, ERTE will be made more flexible. Those Temporary Employment Regulation Files caused by the coronavirus crisis will be considered "force majeure." For this reason, workers will have the right to a contributory unemployment benefit, "even if they do not meet the previously required contribution requirement." "The collection of the same will not be counted for the purposes of subsequent collection of unemployment benefits," Sánchez warned.
In this royal decree, the Government has also approved a benefit for cessation of activity for self-employed workers. Here you can consult all the measures for the self-employed that the president has just announced. Entrepreneurs will also be exempt from paying Social Security contributions in the event of an ERTE call. A few minutes before these measures were confirmed, several media outlets were already announcing the suspension of mortgage payments and the prohibition of cutting off basic supplies —water and electricity—to the most vulnerable groups. An "unprecedented" social shield in democracy Sánchez has emphasized that the royal decree approved by the Council of Ministers is "probably the largest that has been approved in the history of democracy.