July 5, 2023

The European social bonds of the “Sure” instrument for labor and income protection: a successful experience as a coordinated and united response to the pandemic crisis

di Germana Di Domenico
Ministero dell’Economia e delle Finanze

The temporary Support to mitigate Unemployment Risks in an Emergency (Sure) – aimed at providing financial assistance up to €100 billion in the form of loans from the European union (EU) to those Member States requiring support to face sudden increases in public expenditure for the preservation of employment since 2020 – turned out to be a successful experience not only in terms of protecting both citizens and firms to mitigate the severely negative socio-economic implications of the coronavirus pandemic but also from the viewpoint of solidarity and mutual trust among Member States...