The Spanish government is cutting the amount of credits given to strategic industries by 12.5 percent to 408 million euros ($531 million) and plans to charge interest, Cinco Dias reported today, citing unidentified people in the government.
The interest applied to the credits may be in line with what the Spanish Treasury pays for its long-term debt even as no decision has been made yet, the newspaper said. Strategic industries that boost competitiveness include automobiles, pharmaceuticals and railways, the newspaper said.
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