The European Commission has published the first preliminary impact assessment of SURE, the € 100 billion instrument designed to protect jobs and incomes from the COVID-19 pandemic. According to the findings of the report, SURE managed to mitigate the severe socio-economic impact generated by the COVID-19 crisis. Through this instrument, the European Commission has ensured that Member States will not see a higher increase in unemployment during the COVID-19 crisis than during the global financial crisis, despite the fact that they have experienced a greater decline in unemployment. GDP.
More information, here.
