Prime Minister Pedro Sanchez is mulling extending lockdown.
German cases top 91,000; death tolls trails Spain, Italy.
Spain’s Covid-19 cases surpassed Italy as Europe’s two main epicenters continue to struggle to curtail the virus, with Prime Minister Pedro Sanchez announcing plans to extend the country’s lockdown by two weeks until April 25.
“I understand it’s difficult to extend the effort and sacrifice two more weeks,” Sanchez said in a televised speech on Saturday. “These are very difficult days for everyone.” A longer lockdown would need the approval of cabinet and congress.
Confirmed cases increased by 7,026 to 124,736 over the past 24 hours, according to Health Ministry data, while deaths rose by 809 to 11,744. Total cases are now higher than Italy’s 119,827.
A slower pace of fatalities and new cases though is offering hope that Spain’s outbreak may be edging toward a peak. Health Minister Salvador Illa said on Friday that the goal of slowing the epidemic was “within reach.”
Spain’s economy is already taking a hit from the virus: The purchasing managers index for Spanish services fell to a record low of 23 in March, while jobless claims in the month had their biggest ever increase.
The government in Madrid has imposed some of the most restrictive lockdown measures in Europe, shuttering most businesses and forcing people to stay in their homes except to buy groceries and seek health care. Containment measures across the continent have cut off border passages and limited air travel, while countries have announced trillions of euros in aid to support businesses and individuals.
Italy’s ruling parties and the Treasury reached an agreement to free up an additional 200 billion euros ($216 billion) of liquidity for firms, according to daily newspaper La Stampa. It said the moves, part of a new aid decree, will be approved by Monday and will let companies seek bank loans for as much as 25% of their revenue, most of which will be granted by the state.
Meanwhile Poland’s 100 billion-zloty ($23.6 billion) support mechanism for businesses affected by the outbreak secured European Union antitrust approval, according to a statement from the European Commission in Brussels.
In Germany the number of coronavirus deaths and confirmed cases climbed further, a day after Robert Koch Institute President Lothar Wieler warned the country might require further intensive-care space. Germany has boosted capacity by more than 40% since the outbreak began.
Deaths rose by 168 to 1,275 on Saturday, according to data from Johns Hopkins University. Some 91,159 people are infected, the third highest in Europe, with new cases rising 6,365 from Friday. The death rate in Europe’s largest economy has been well below the levels seen in Italy and Spain, but government officials and health care experts insist it’s too early to ease social distancing rules and transport restrictions.
The number of confirmed infections in Portugal rose 6.5% to 10,524, with the pace of new cases slowing for the fourth day. Fatalities increased to 266 from the 246 reported through Friday morning.
Apart from imposing lockdowns, several European leaders have moved to institute other controls which in some cases could also consolidate their own holds on power.
In Hungary, political parties will lose half of their state funding this year, Gergely Gulyas, the minister in charge of the Prime Minister’s office, said in a video briefing Saturday. That, alongside measures to increase the burden on lenders and reintroduce a tax on larger retailers, will increase funds available to fight the coronavirus and rebuild the economy to 1.35 trillion forint ($3.96 billion), he said.
The move comes after Prime Minister Viktor Orban secured the power to rule by decree this week, drawing criticism from European Union members amid concerns he is staging a power grab under the cover of the Covid-19 crisis.
Reporting by Bloomberg‘s Macarena Munoz Montijano| With assistance by Laura Millan Lombrana, Marton Eder, Christoph Rauwald, Sonia Sirletti, and Joao Lima