After having adapted its budget and state aid rules, the European Commission is now proposing a ‘second wave’ of measures aimed at mitigating the economic impact of the Coronavirus pandemic. Presented on 02 April, this second wave includes the establishment of a European support system for short-time working schemes, of up to €100 billion in total, called SURE (Support to mitigate Unemployment Risks in an Emergency).
Europe’s employment situation continues to deteriorate as a result of the Coronavirus pandemic. Just under 900,000 people have lost their jobs in Spain since the start of the lockdown, and Austria has not recorded as many jobless as since the end of the second world war, according to new statistics published today. In response to this unprecedented situation, the European Commission is proposing to set up a temporary unemployment reinsurance scheme (SURE) to help the Member States hardest hit by the crisis, such as Italy and Spain (the UK would not participate in the scheme).
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