Tuesday, April 7, 2020

Spain has become the first country in Europe to implement universal basic income

According to Minister of Economy Nadia Calvino, the Spanish Government is working to roll out universal basic income as soon as possible as part of a series of actions aimed at countering the impact of the coronavirus pandemic.
Social Security Minister Jose Luis Escriva coordinates the project and plans to put some kind of basic income "in place as soon as possible," with the main focus on assisting families, Calvino, who also serves as Deputy Prime Minister, said in a Sunday night interview with Spanish broadcaster La Sexta.
But the government's broader ambition is to make basic income an instrument "that stays forever, that becomes a structural instrument, a permanent instrument," she said.
Spain is facing the second worst coronavirus outbreak in Europe, and the pandemic has pushed the government to order a state of emergency that has shut down the country and brought the economy to a standstill. The government has announced a dam of policies to assist self-employed workers and companies, mainly small and medium-sized enterprises, but has also stated that further action will be needed.

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