Q&A: Commission proposes SURE, a new temporary instrument worth up to €100 billion to help protect jobs and people in work
02 April 2020
The new instrument is for temporary Support to mitigate Unemployment Risks in an Emergency (SURE) is designed to help protect jobs and workers . It will provide financial assistance, in the form of loans granted on favourable terms from the EU to Member States, of up to €100 billion in total.
The Questions
What is SURE and why is the Commission proposing it?
What are short-time work schemes?
Why is the Commission focusing on supporting short-time work schemes?
How much funding will be available for the EU as a whole and for individual Member States?
How will the Commission secure and provide funding for the SURE instrument?
How will the conditions of each loan be decided?
How will the guarantee system work?
How does this instrument relate to the previously announced European Unemployment Reinsurance Scheme?
What are the next steps?
The answers are in the Full Q&A
For more information
Commission proposal for Council Regulation
Press release: Coronavirus: the Commission mobilises all of its resources to protect lives and livelihoods
Factsheet: Supporting Member States to help protect people in work and jobs - SURE
Press release: Commission sets out European coordinated response to counter the economic impact of the Coronavirus
Coronavirus response
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