SURE applications roll in, but Europe still counting on Pepp

By Lewis McLellan
06 Aug 2020

European Union member states have begun applying for loans from the bloc’s €100bn Support to Mitigate Unemployment Risks in an Emergency (SURE) package. Unlike with other European rescue lending facilities, countries seem less concerned with the reputational damage of asking for a share of this cash, writes Lewis McLellan.

Spain has submitted a SURE application for more than €20bn of assistance, while Bulgaria has asked for €500m. And an official at the Belgium’s debt management office (DMO) said that it is working on a SURE proposal, and the decision to apply will be taken by politicians within ...

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