Spain unveils public investment fund to tackle housing crisis

MADRID: Spanish Prime Minister Pedro Sanchez on Monday presented a new public investment fund that he said would raise 120 billion euros ($142 billion) and help tackle the country’s persistent housing crisis. Scarce and unaffordable housing is consistently a top concern for Spaniards and represents a stubborn challenge in one of the world’s most dynamic developed economies. The new “Spain Grows” fund, first announced in January, aims to replace the tens of billions of EU post-Covid recovery aid that helped drive Spain’s strong growth in recent years.

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