These include an additional €900 million to Greece, bringing the total support to the country to €6.2 billion, an additional €26 million to Cyprus, bringing total support to €632 million, and an additional €300 million to Portugal, bringing total support to €6.2 billion. Once the Council approves the proposals, the financial support will be provided in the form of loans granted on favourable terms. The loans to all three countries will fund past expenditure for the continuation of measures that were introduced to tackle the severe socio-economic impact of the COVID-19 crisis. The loan to Greece will help cover costs incurred in 2021 related to the continuation of a short-time work scheme and a scheme covering social security contributions to preserve employment. The loan to Cyprus will contribute to funding the expenditure incurred in 2021 for the continuation of a short-time work scheme and similar measures for the self-employed and specific sectors in the tourism industry. The loan to Portugal will primarily help fund incurred expenditure up to May 2022 related to the continuation of numerous labour market and health-related measures.