The Government asks Brussels for the green light to approve debt relief in ICO credits

Madrid

Updated:25/02/2021 01:13h

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The opposition of banks and businessmen does not seem to be enough to dissuade the Government from approving debt relief on loans guaranteed by the Official Credit Institute (ICO). The Executive has already asked the European Comission its green light for this measurement. A strictly necessary procedure so that this can go ahead in March, as expected in the Vice Presidency of Economic Affairs.

On February 19, Brussels approved the modification of the Spanish framework to support the economy in the context of the Covid-19, as community sources recall. This reform allows companies to grant limited amounts of aid through financial institutions and introduces a new