European Commission has presented proposals to the Council for decisions to grant financial support of EUR81.4 billion to 15 Member States under the SURE instrument.

Once the Council approves these proposals, the financial support will be provided in the form of loans granted on favourable terms from the EU to Member States. These loans will assist Member States in addressing sudden increases in public expenditure to preserve employment.

Following consultations with the Member States that have requested support and after assessing their requests, the Commission proposes to the Council to approve the granting of financial support to:

SURE can provide financial support of up to EUR100 billion in total to all Member States. The proposals put forward by the Commission to the Council for decisions to grant financial support amount to EUR81.4 billion and cover 15 Member States. Portugal and Hungary have already submitted formal requests which are being assessed.