European Commission disburses €8.5 billion under SURE to five Member States
The European Commission has disbursed €8.5 billion in the third instalment of financial support to five Member States under the SURE instrument. As part of today’s operations, Belgium has received €2 billion, Hungary €200 million, Portugal €3 billion, Romania €3 billion and Slovakia €300 million.
This support, in the form of loans granted on favourable terms, will assist these Member States in addressing sudden increases in public expenditure to preserve employment. Specifically, they will help cover the costs directly related to the financing of national short-time work schemes, and other similar measures they have put in place as a response to the coronavirus pandemic, including for the self-employed.
With today’s disbursement, 15 Member States have received around €40 billion under the EU SURE instrument between the end of October and the end of November. Once all SURE disbursements have been completed, Belgium will have received €7.8 billion, Hungary €504 million, Portugal €5.9 billion, Romania €4.1 billion and Slovakia €631 million.