Temporary support to mitigate unemployment risks in an emergency (SURE)
The coronavirus pandemic (COVID-19) is having a major negative impact on employment. As part of the EU’s response to the crisis, the European Commission has proposed the creation of SURE, a temporary instrument to complement national efforts to protect employees and the self-employed from the risk of unemployment and loss of income. Under the scheme, the EU would be able to provide financial support worth up to €100 billion to 'short-time work' schemes and other national measures that have this objective. The Eurogroup has welcomed the proposal, which the Council should now fine-tune and adopt rapidly. While the instrument is linked to the EU budget through a guarantee scheme, Parliament is not involved in the legislative procedure due to the legal basis.
At a Glance
About this document
Publication type
Author
Policy area
Keyword
- Asia and Oceania
- China
- coronavirus disease
- economic geography
- employment
- EMPLOYMENT AND WORKING CONDITIONS
- epidemic
- EU employment policy
- EU finance
- EU loan
- Eurogroup (euro area)
- European Social Fund
- EUROPEAN UNION
- European Union law
- FINANCE
- GEOGRAPHY
- health
- labour market
- monetary relations
- proposal (EU)
- self-employed person
- self-employment
- short-time working
- social protection
- SOCIAL QUESTIONS
- unemployment insurance