The Spanish Prime Minister asked the Congress to extend the state of emergency until May 9 due to the serious epidemic
Spanish Prime Minister Sanchez once again sought the extension of the state of emergency by Congress until May 9th. He also pointed out that the epidemic appeared to have passed its peak and plans to gradually relax the blockade measures starting in late next month. The government has announced earlier that it will allow children under 14 years of age to go to supermarkets, pharmacies, banks, etc., accompanied by adults. However, following the Pamplona Benniu Festival, the political symbol was originally scheduled to be held in August, and the Tomato Festival held in Buñol will also be cancelled. Reflecting the epidemic situation is hitting the local tourism industry.
The European Central Bank allows commercial banks in the region to use non-investment grade bonds as collateral
e European Central Bank announced that during the outbreak, commercial banks in the euro zone were allowed to use non-investment grade bonds as collateral to lend funds to them. Due to the epidemic situation, many companies were demoted and turned the original investment-grade corporate bonds into non-investment-grade bonds in an instant. Commercial banks that hold large amounts of these bonds can no longer use these bonds to lend funds to the European Central Bank. In order to assist commercial banks to ease the problem of capital turnover, the European Central Bank made the above decision yesterday.
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