Econostrum | Economic News in the Mediterranean

The european SURE instrument for €100bn of guaranteed loans to Member States becomes operational

Written by Eric Apim on Tuesday, September 22nd 2020 à 17:15 | Read 306 times

SURE is open to all Member States (photo: C. Garcia)
SURE is open to all Member States (photo: C. Garcia)
EU. The European Commission welcomes the activation of the SURE instrument in a press release on Tuesday 22 September 2020. It comes with the finalisation of the approval and signature procedures in all Member States establishing guarantee agreements with the European Commission for a total amount of €25 billion.

Announced at the beginning of April 2020 by Ursula von der Leyden, President of the European Commission, this new facility called Support to mitigate unemployment risks in emergency (SURE) enables the European Union (EU) to raise up to €100bn on the financial markets to lend to the 27 Member States on favourable terms. A European Commission guarantee for 25% of this amount will "increase the volume of loans available to Member States, while maintaining the EU's good credit rating and strong position on the international capital markets", the press release says.

The loans will be used to finance the various national employment support measures (such as short-time working) implemented to mitigate the economic effects of the health crisis. The European Commission has already presented to the European Council proposals for decisions to grant financial support of €87.3 billion to 16 Member States under the SURE instrument (see table below). Italy will be the first beneficiary (€27.4 billion), followed by Spain (€21.3 billion) and Poland (€11.2 billion).

The proposals presented by the European Commission to the European Council under the SURE instrument (source C.E.)

Belgium €7.8 billion Latvia €192 million
Bulgaria €511 million Lithuania €602 million
Czech Republic €2 billion Malta €244 million
Greece €2.7 billion Poland €11.2 billion
Spain €21.3 billion Portugal €5.9 billion
Croatia €1 billion Romania €4 billion
Italy €27.4 billion Slovakia €631 million
Cyprus €479 million Slovenia €1.1 billion

In the same section
< >


About is an independent media that deals with the daily economic news of the countries bordering the Mediterranean. Economic cooperation, business news by sector (Industry, Services, Transport, Environment, Society/Institutions), thematic files, airport news, airlines and shipping companies (new destinations)... are treated and analysed by a team of journalists present in the Mediterranean basin. Subscribe to To be the first to know, with unlimited access to all articles. To receive the weekly newsletters and special newsletters sent as soon as our files are published. Automatically renewable subscription, but the reader keeps control of it or yearly subscription. For individuals or professionals...