The European Commission announced on Tuesday 29 March the payment of €2.17 billion to Hungary, Poland and Portugal under the SURE instrument, to mitigate the employment consequences of the Covid-19 pandemic.
Hungary, Poland and Portugal are expected to receive €147 million, €1.5 billion and €523 million respectively. In all, there have been eight bond issues under SURE, providing nearly €92 billion to 19 Member States, a move welcomed by Budget Commissioner Johannes Hahn. These new disbursements follow a 2.17 billion 15-year bond issue under the instrument on 22 March.
SURE was a great success, according to the institution. To date, the 19 Member States that have applied for SURE are expected to receive a total of €94.4 billion in financial support from the instrument. An additional €5.6 billion is still available. (Original version in French by Pascal Hansens)