The European Commission announced on Wednesday October 21 that it had issued a first social loan of €17 billion the day before as part of the SURE instrument, which aims to support national short-time working systems in the face of the Covid-19 pandemic.
“Yesterday was an important day because we took another step towards bringing the funds from these instruments closer to the people who need them”, said EU Budget Commissioner Johannes Hahn. The bond was oversubscribed more than 13...