Spain is hoping to roll out what would be an unprecedented universal basic income program to assist struggling citizens during the coronavirus crisis.
Minister for economic affairs Nadia Calvino, who is also the deputy prime minister, made the announcement on Sunday night via Spanish broadcaster La Sexta .
Universal basic income is defined as unconditional, regular payment to all citizens.The amount however can differentiate between people because demographics such as age are accounted for.It’s believed the payment would be monthly one, but no actual figures were given.Should the proposal go through, Spain would become the first European nation to implement such […]
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