Europe gives Italy the highest share of aid for work

Europe gives Italy the highest share of aid for work

27.4 billion of the 81 of the Sure fund will arrive for national programs of work, unemployment, layoffs. Spain and Poland the other two major beneficiaries

(Photo by Nicolas Economou / NurPhoto via Getty Images) It has been talked about for over 4 months, but only now the European Commission, after examining the proposals presented by some member states, has decided how to divide the over 100 billion euros of Sure (Support to mitigate unemployment risks in emergency), a fund created to finance labor support measures which together with Next Generation EU (otherwise called recovery fund) represents a of the main measures launched by the Union to tackle the crisis triggered by the spread of Covid-19.

According to what has just been communicated by the Commission, 81.4 billion will go to 15 countries and the most consistent part will be up to the Italy, which should therefore receive 27.4 billion euros to invest in the financing of national programs of work, unemployment, redundancy and other similar mechanisms aimed, as stated in the document which explains the details of what was established by the institution chaired by Ursula Von der Layen. After Italy, Spain (21.3 billion) and Poland (11.2 billion) are the largest beneficiaries.

We do everything in our power to save jobs and livelihoods. @EU_Commission is proposing to provide € 81 billion under the SURE instrument for short-time employment, to keep workers in jobs in 15 countries in EU.

More will follow.

- Ursula von der Leyen (@vonderleyen) August 24, 2020

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