Quick €100 billion EU response to safeguard jobs during COVID: impact unclear
The EU’s €100 billion support tool for crisis-hit workers and firms (SURE) in member states was a prompt response to mitigate the risk of massive layoffs due to the coronavirus pandemic, according to a new report by the European Court of Auditors.
However, SURE’s impact on job-saving cannot be properly assessed because of the way the European Commission designed the novel tool, and because of a lack of good data at national level.
To learn lessons for future crisis tools, the Commission should now carry out a full assessment of the SURE support.
This will also be an opportunity to see how the risk of fraud was minimised, given that all but one of the countries that used SURE have reported irregularities and alleged fraud. (...)
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