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SURE: Commission proposes additional €3.7 billion to six member states to protect jobs and incomes : EU Reporter China

SURE: Commission proposes additional €3.7 billion to six member states to protect jobs and incomes

| March 31, 2021 | 0 Comments

By EU Reporter Correspondent

The Commission has proposed to the Council to grant an additional €3.7 billion of financial assistance to six member states under SURE, the €100bn instrument designed to protect jobs and incomes affected by the COVID-19 pandemic. The proposals follow formal requests for additional financial assistance under SURE submitted by Belgium, Cyprus, Greece, Latvia, Lithuania and Malta on top of the support that the Council has already approved.

After assessing the requests submitted by the six member states, the Commission proposes to the Council to approve the following in additional financial assistance: Belgium €394 million; Cyprus €125m; Greece €2.5bn; Latvia €113m; Lithuania €355m; Malta €177m. This brings the total financial assistance proposed by the Commission under SURE to €94.3bn for 19 member states.

This additional support will assist the six member states in tackling the continued severe socio-economic impact of the crisis in light of the resurgence of infections and the containment measures introduced in response to it. The evolution of the health and economic situation has resulted in a further increase of public expenditure related to measures designed to protect workers and public health. These additional measures, and the extension of existing ones, qualify for support under SURE. A full press release is available here.

Source:: EU Reporter Feed

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