Coronavirus: European Union grants exceptional loan of 7.8 billion to Belgium

Terrorist attack in France: Macron repudiated the “Islamist attack” in Nice and mobilized 7,000 soldiers throughout the country

The president traveled to the city to show solidarity with the Catholics. The country is in shock amid a terror alert and COVID...

Election Update: What do the two parties actually promise the voter?

Welcome to your daily update leading up to the US presidential election on November 3rd. With five days to go, let's take a...

Ukraine: Defense Council urgently convened after invalidation of anti-corruption laws by Constitutional Court

These "crushing blows" to the fight against corruption "require" an "immediate and severe" reaction, he said in a statement issued by the Kiev...

After the scandals over an extramarital daughter, the royal family of Belgium introduced the new princess

In a photo appear the former King Albert II and his wife, the Italian Paola, sitting in a small room next to Delphine, Alberto's...

There are still eight countries in the world that do not have a crown

In the middle of the Pacific Ocean are several states formed by small atolls and archipelagos. Their healthcare carrying capacity is so weak...

The Council of the EU on Friday approved a package of exceptional loans from the European Union in favor of 16 member states, including Belgium, for a total of 87.4 billion euros.

LBelgium, which had requested aid at the beginning of August, will be able to benefit from a loan of up to 7.8 billion euros, to compensate for exceptional expenses linked to temporary corona unemployment, corona parental leave, legal rights. gateway, etc. Indeed, the Council of the EU validated on Friday a package of exceptional loans from the European Union in favor of 16 member states, including Belgium, for a total of 87.4 billion euros.

“Mitigate the risks of unemployment”

This financial support is part of one of the “safety nets” put in place by Europe after the outbreak of the Covid-19 pandemic on the continent. This temporary mechanism has been dubbed “SURE”, and it aims to help states “mitigate the risks of unemployment” in the context of the pandemic. Those who, like Belgium, set up aid to maintain employment such as partial unemployment supported financially by the State or aid to the self-employed, can call on European loans on favorable terms.

The funds will be raised by the Commission on the capital markets.

Member States validated on Friday a first list of loan requests, ranging from Italy (27.4 billion euros) and Spain (21.3 billion), the “biggest” applicants, to Latvia (193 million euros).

.

trending

Related Articles