Just Weeks After the Collapse of Thomas Cook, Spain Launches First Bailout of its Huge Tourism Industry

https://wolfstreet.com/2019/10/12/weeks-after-thomas-cook-collapse-spain-launches-first-bailout-of-its-huge-tourism-industry/

by Nick Corbishley • Oct 12, 2019 • 

“An unforeseen crisis.” Other headwinds intensify too.

By Nick Corbishley, for WOLF STREET:

Less than a month after the collapse of Thomas Cook, the global travel & vacation-giant and airline operator, the Spanish government has unveiled an €800 million taxpayer-funded bailout of its all-important tourism industry. During the presentation of the new 13-point royal decree, Spain’s vice-president Carmen Calvo described the measures as a “reasonable response to an unforeseen crisis”....