Financial Times FT.com

Spain unveils new measures to ease crisis

By Victor Mallet in Madrid

Published: November 4 2008 02:00 | Last updated: November 4 2008 02:00

Spain's Socialist government yesterday announced a new round of emergency measures to soften the impact of the economic crisis, including the funding of a two-year, partial moratorium on mortgage payments by the unemployed.

In addition to the mortgage relief, José Luis Rodríguez Zapatero, the prime minister, unveiled tax benefits and financial incentives designed to help home-buyers and promote job creation, especially in industries such as alternative energy that the government wants to promote.

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