The European Commission is working hard to prevent the economies of the most affected countries from collapsing. To curb the wave of layoffs sweeping across Europe, Ursula von der Leyen proposes the creation of an instrument, 100 billion euros, to support national partial unemployment programs, called "Sure".
Read also: The European Union wants to support the member states' partial unemployment plans
Before the crisis, only 18 countries, including France and Germany, had a partial unemployment mechanism. With the massive layoffs engendered by economic paralysis, everyone has now implemented an equivalent system in which public finances cover part of the wages. The European Commission wishes to act as a second line defense, to complement national efforts. Objective: preserve purchasing power and ensure that companies are able to rebound quickly once containment is completed.
The text specifies that the first three beneficiaries may not receive more than 60% of the total resourcesThe principle is simple: the European Commission will borrow on the markets, taking advantage of the good
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