Categories: Agenda

Approval from the EU “100 billion euro wage support program”

The EU Council has announced that the representatives of the member states have approved the employment support program “SURE” prepared due to the epidemic.

Accordingly, member countries will provide a total of 25 billion euro collateral depending on the size of their economies.

With this guarantee, the EU Commission will collect 100 billion euros of funding from the capital markets under favorable conditions.

With this fund, the EU Commission will provide credit to the member states on favorable terms for use in short-term work programs and wage support programs.

The program will operate until December 31, 2022.

If the economic effects of the epidemic continue, the program may be extended.

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