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Commission disburses €14.1 billion under SURE to 12 Member States

The European Commission has disbursed €14.137 billion to 12 EU Member States in the seventh instalment of financial support under the SURE instrument.

Image illustrating the SURE instrument that supports jobs and wages ©European Union
Image illustrating the SURE instrument that supports jobs and wages ©European Union

date:  03/06/2021

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As part of the operations on 25 May, Belgium has received €2 billion, Bulgaria €511 million, Cyprus €124 million, Greece €2.54 billion, Spain €3.37 billion, Italy €751 million, Lithuania €355 million, Latvia €113 million, Malta €177 million, Poland €1.56 billion, Portugal €2.41 billion and Estonia €230 million. This is the first time that Bulgaria and Estonia are receiving funding under the instrument. The other ten EU countries have already benefitted from loans under SURE. These SURE loans help Member States to cover costs directly related to the financing of national short-time work schemes and other similar measures that they have put in place as a response to the coronavirus pandemic, including for the self-employed. The disbursements follow the issuance of the seventh social bond under the EU SURE instrument, which attracted considerable interest from investors amid challenging market conditions. With this SURE disbursement, the EU has provided nearly €90 billion in back-to-back loans. All EU Member States which have asked to benefit from the scheme have received part or all of the requested amount. The overview of the amounts disbursed so far is available online, as are the full amounts per Member State.