May 2, 2020 / 1:01 PM / a month ago

Spain to launch 16 billion euro reconstruction fund: PM

FILE PHOTO - Spanish Prime Minister Pedro Sanchez delivers his speech during a session on coronavirus disease (COVID-19) at Parliament in Madrid, Spain, April 9, 2020. Mariscal/Pool via REUTERS

MADRID (Reuters) - Spain’s Prime Minister Pedro Sanchez said on Saturday his government would approve a 16 billion euros ($17.57 billion) reconstruction fund to help regional authorities deal with the social and economic damage from the coronavirus.

Speaking at a press conference, Sanchez also announced that the use of masks on public transport would be compulsory from Monday.

($1 = 0.9105 euros)

Reporting by Nathan Allen and Graham Keeley; Editing by Andrew Cawthorne

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