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Spain plans to fully vaccinate 53% of population by late July

Spain plans to fully vaccinate 53% of population by late July 26th French-Spanish summit in Montauban MADRID (Reuters) -Spain is accelerating its COVID-19 vaccination rollout and will have fully inoculated 25 million people by late July, Prime Minister Pedro Sanchez said on Tuesday, also confirming the end-August target of giving 70% of all Spaniards their shots. “The pace of vaccination will accelerate in April and then each month we will improve the vaccination pace from the previous month,” Sanchez told a news conference, attributing a slow start of the campaign to delivery delays by vaccine maker AstraZeneca across the European Union.[nL1N2LZ0NI]

UPDATE 1-Spain will revise 2021 growth outlook to reflect COVID third wave

Spain to update 2021 growth outlook to reflect COVID third wave

Spain will update its 2021 economic outlook to reflect the impact of a third wave of the coronavirus pandemic that weighed on growth in January and February, Prime Minister Pedro Sanchez told a news conference on Tuesday.

UPDATE 1-Spain s decade-old bad bank liabilities push debt to 120% of GDP

By Reuters Staff (Recasts to add ‘bad bank’ liabilities and details) MADRID, March 31 (Reuters) - Spain’s public debt reached 120% of gross domestic product last year, above the previously reported 117.1%, the Bank of Spain said on Wednesday, after adding ‘bad bank’ liabilities stemming from the financial crisis a decade ago as demanded by Brussels. The debt-to-GDP ratio spiked from 95.5% at the end of 2019 and 114% in the third quarter of 2020, mostly due to increased spending to cushion the effect of the COVID-19 pandemic and a simultaneous economic slump. The higher final debt ratio confirms what a senior government source told Reuters last week.

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