The European Commission has disbursed €14 billion to nine EU countries in the second instalment of financial support to Member States under the SURE instrument. As part of today’s operations, Croatia has received €510 million, Cyprus €250 million, Greece €2 billion, Italy an additional €6.5 billion, Latvia €120 million, Lithuania €300 million, Malta €120 million, Slovenia €200 million and Spain an additional €4 billion.
This support, in the form of loans granted on favourable terms, will assist these Member States in addressing sudden increases in public expenditure to preserve employment. Specifically, they will help cover the costs directly related to the financing of national short-time work schemes, and other similar measures they have put in place as a response to the coronavirus pandemic, including for the self-employed.
At the end of October, Italy, Spain and Poland already received a total of €17 billion under the EU SURE instrument. Once all SURE disbursements have been completed to the 9 countries receiving financial support today, Croatia will receive €1 billion, Cyprus €479 million, Greece €2.7 billion, Italy €27.4 billion, Latvia €192 million, Lithuania €602 million, Malta €244 million, Slovenia €1.1 billion and Spain €21.3 billion.
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