Support to mitigate Unemployment Risks in an Emergency - SURE

Ian Cooper

Chapter 6 in Research Handbook on Post-Pandemic EU Economic Governance and NGEU Law, 2024, pp 80-92 from Edward Elgar Publishing

Abstract: This chapter argues that just as the NGEU is commonly seen as a move towards a ‘Fiscal Europe’, the SURE programme should be seen as an important step in the direction of ‘Social Europe’. In April 2020, the EU introduced the European instrument for Temporary Support to mitigate Unemployment Risks in an Emergency (SURE). SURE was the only EU pandemic emergency measure specifically targeted at keeping people in work. Its purpose was to provide financial support to Member States programmes to support workers through existing - as well as newly introduced and expanded - short term work schemes. This chapter analyses the SURE programme, tracing its historical background in previous macroeconomic and social policy debates, as well as its creation and implementation. Despite its constraints, in particular its modest EUR 100 billion size and its time-limited character, SURE provided a vital backstop that helped to protect the jobs of millions of EU citizens, making it a marked success of (post) pandemic economic governance. While it was quickly overshadowed by the larger NGEU programme that followed it, the SURE programme was of historical significance in its own right, as it stands as the EU’s largest ever single intervention in the field of social policy.

Keywords: Economics and Finance; Law - Academic; Politics and Public Policy (search for similar items in EconPapers)
Date: 2024
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