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News2020-04-02

Coronavirus: The Commission Mobilises all of its Resources to Protect Lives and Livelihoods

European Commission
European Commission
Saving lives and supporting livelihoods in these times of acute crisis is paramount.

The Commission is further increasing its response by proposing to set up a €100 billion solidarity instrument to help workers keep their incomes and help businesses stay afloat, called SURE. It is also proposing to redirect all available structural funds to the response to the coronavirus.

Farmers and fishermen will also receive support, as will the most deprived. All of these measures are based on the current EU budget and will squeeze out every available euro. They show the need for a strong and flexible long-term EU budget. The Commission will work to ensure that the EU can count on such a strong budget to get back on its feet and progress on the path to recovery.

Read more here.

Source: European Commission