Its Economy Battered by COVID-19, Spain Tries a Guaranteed Minimum Income

People line up as they wait to receive a ration of donated food, in Barcelona, Spain, May 14, 2020 (AP photo by Emilio Morenatti).
People line up as they wait to receive a ration of donated food, in Barcelona, Spain, May 14, 2020 (AP photo by Emilio Morenatti).
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MADRID—Tens of thousands of households in Spain began receiving checks last Friday under a new guaranteed minimum income program that was passed by parliament in early June. Plans to provide a guaranteed income had been part of the coalition agreement reached in January between the ruling Socialists and their junior coalition partner, the far-left Podemos party, but they were fast-tracked due to the economic impact of the coronavirus pandemic. Spain is one of the hardest-hit countries from COVID-19, with nearly 300,000 confirmed infections and more than 28,000 deaths. Its GDP is expected to contract by more than 9 percent this […]

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