Bloomberg Spain is considering using part of a planned 11 billion-euro ($13 billion) fiscal package to provide debt relief to companies that have borrowed through the country’s state-backed loan program. The proposal would allow Spanish lenders a degree of flexibility to decide which borrowers should be granted relief, the officials said. Banks would absorb some of the write off and ...

Bloomberg Ireland’s economy expanded in 2020 despite the devastation of the pandemic as surging exports countered a slump in domestic demand. The nation’s GDP grows 3.4% in 2020, the central statistics office said, driven largely by the export sector. The domestic economy, however, struggled. “Today’s figures once again point to the dual economic impact of the pandemic, with domestic activities ...

Bloomberg German exports to Britain plunged in January, as the downward trend since the country voted to leave EU gathered pace. Already curtailed by the economic impact of the coronavirus, Brexit helped trigger a nearly 30% slump in German exports to the UK in the first month of the year, according to a preliminary estimate by the Federal Statistics Office. ...