Government Policy Sure
Review the Sure Instrument protecting jobs and incomes affected COV19
- Location 1
The Commission has published its first preliminary assessment of the impact of SURE, the € 100 billion instrument intended to protect jobs and incomes affected by the COVID-19 pandemic. The report concludes that the SURE instrument has helped mitigate the severe socio-economic consequences of the COVID-19 crisis. This instrument has helped to ensure that, in the Member States which have benefited from it, the rise in unemployment during the COVID-19 crisis has been significantly less than during the global financial crisis, despite a greater decline. significant GDP. The instrument has helped reach 25 to 30 million people in 2020. This represents around a quarter of the total number of salaried workers in the 18 beneficiary Member States. The report also estimates that between 1.5 and 2.5 million businesses affected by the COVID-19 pandemic have benefited from the SURE instrument, allowing them to keep their workers. Member States saved around 5, 8 billion euros in interest payments, compared to what they would have had to pay if they had issued sovereign debt themselves. Future payments will likely generate further savings. Apress release is available online In tandem, the EU will adopt a tougher, more assertive approach towards implementation and enforcement of its trade agreements, fighting unfair trade and addressing sustainability concerns. The EU is stepping up its efforts to ensure that its agreements deliver the negotiated benefits for its workers, farmers and citizens. This strategy is based on a wide and inclusive public consultation, including more than 400 submissions by a wide range of stakeholders, public events in almost every Member State, and close engagement with the European Parliament, EU governments, businesses, civil society and the public. Book, Corporate, Radio, Television, Podcast Interviews for CPD/CE credit. Book Public Opinion for your say on Radio or Television.
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