Coronavirus: Commission announces SURE proposal and mobilises all of its resources to protect lives and livelihoods
date: 08/04/2020
SURE is designed to cushion the economic blow in order for the EU economy to be ready to restart when the conditions are right. It will provide loans to countries to help workers to keep their incomes and businesses to stay afloat. This will allow people to continue to pay their rent, bills and food shopping and provide much needed stability to the economy. The loans will be based on guarantees provided by Member States and will be available to all Member States but directed to where they are most urgently needed. SURE will support short-time work schemes and similar measures. Firms will be able to temporarily reduce the hours of employees or suspend work altogether, with income support provided by the State for the hours not worked. The self-employed will receive income replacement during the current emergency. In addition to SURE, the Commission is also proposing to redirect all available structural funds to the response to the coronavirus, and farmers and fishermen will also receive support, as will the most deprived.