ABSTRACT

SURE: A Quick Fix to Be Welcomed, in Search for Long Term Solutions   [open pdf - 0B]

From the Summary: "On 1st April, European Commission President von der Leyen announced the proposal to create a European instrument for temporary Support to mitigate Unemployment Risks in an Emergency (SURE). This instrument is to provide loans-based financial support to member states facing a sudden increase in public expenditure due to their quest to preserve employment. In this policy brief, the authors argue that SURE is a timely and welcome instrument to support member states as they address the short-term challenges of the Covid-19 [coronavirus disease 2019] crisis. Yet SURE also has some limitations and is thus insufficient in the medium to long term for tackling the bleak employment outlook across the EU. On the one hand, SURE' s value added consists of its focus on job protection, its lack of conditionality attached to loans, its smooth application procedure to gain access to financing, and its broad scope to include both short-time work (STW) schemes and similar measures for the self-employed. On the other hand, however, there are also certain limitations apparent in SURE' s current design."

Report Number:
FEPS COVID Response Papers No.2; Foundation for European Progressive Studies Coronavirus Disease 2019 Response Papers No.2
Author:
Publisher:
Date:
2020-04
Series:
Copyright:
Foundation for European Progressive Studies
Retrieved From:
Foundation for European Progressive Studies: https://www.feps-europe.eu/
Media Type:
application/pdf
URL:
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