March 20 (Reuters) - Spain's cabinet has approved 80 measures split into two packages that will cost 5 billion euros ($5.79 billion) to counter the economic effects of the Middle East conflict, Prime
Spain Approves $5.8 Billion Economic Support Package Amid Iran Conflict
Overview of Spain's Economic Response to Middle East Conflict
March 20 (Reuters) - Spain's cabinet has approved 80 measures split into two packages that will cost 5 billion euros ($5.79 billion) to counter the economic effects of the Middle East conflict, Prime Minister Pedro Sanchez said on Friday.
Details of the Economic Support Measures
Legislative Approval and Implementation
The measures, which require approval by Congress, include support for the most vulnerable households and a reduction of taxes on electricity by up to 60%, Sanchez said, adding the measures will provide cost savings of 200 million euros for industries with intensive energy use.
Financial Impact and Currency Conversion
($1 = 0.8640 euros)
Reporting and Editorial Credits
(Reporting by Victoria Waldersee; editing by Charlie Devereux)
