Assessment of the Agreement Adopted Today by the Council of Ministers

The entities associated with CECA positively evaluate the Agreement adopted today by the Council of Ministers to mobilize 20 billion euros in public guarantees as part of the economic package deployed in response to the health crisis.

The entities in the CECA sector, specialized in financing the Spanish productive fabric, believe that these measures are essential to mitigate the effects of the economic slowdown. Preserving liquidity is key to ensuring the continuity of operations for thousands of companies and freelancers. The public guarantee program enhances the financing capacity of banking entities.

The economic authorities count on the full collaboration of the entities associated with CECA to combat the economic impact resulting from the crisis caused by the coronavirus. Our entities are committed and are investing all their efforts to ensure the maintenance of activity in the Spanish business sector.