The PPCV to Propose Motions in Councils for Government to 'Increase Aid' for DANA

The PPCV will propose motions in all councils and provincial governments across the three provinces, urging the Government to increase aid and remove interest from ICO loans.

The motion text, to be presented in the coming days, calls on the Spanish Government to 'urgently and unconditionally approve aid totalling 31.4 billion euros to facilitate recovery. Additionally, it is requested that the Government follows the Generalitat's example and eliminates financial interests on ICO loans.'

The rationale for the motion states that 'the Generalitat has implemented direct aid worth over 250 million euros, aimed at individuals, housing, self-employed workers, and businesses. Complementarily, the Valencian Institute of Finance and Afín SGR has made available financing lines worth 350 million euros at zero cost for affected self-employed workers and businesses.'

Meanwhile, the Spanish Government announced 'the launch of aid worth 14 billion euros, of which 5 billion are ICO loans, to be repaid with interest, and another 3 billion correspond to the Insurance Compensation Consortium. Leaving barely 6 billion of the initial 14 billion in aid, amounts that are manifestly insufficient.'

In this regard, it is noted that 'it is unacceptable for the loan lines proposed by the Spanish Government to be subject to repayment with interest, as affected individuals will face a double burden: the catastrophe itself and the payment of financial interests. Conversely, the Generalitat eliminates interest for affected individuals who can access loans at 0%.'