Press release - COVID-19: Parliament approves crucial EU support measures

These measures are meant to channel 37 billion from available EU funds as soon as possible to citizens, regions and countries hit the hardest by the Coronavirus pandemic.

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Key Points: 
  • These measures are meant to channel 37 billion from available EU funds as soon as possible to citizens, regions and countries hit the hardest by the Coronavirus pandemic.
  • The funds will be directed towards healthcare systems, SMEs, labour markets and other vulnerable parts of EU member states economies.
  • The measures will make up to 800 million available for European countries in 2020.
  • The adopted measures will enter into force once published in the Official Journal of the European Union in the coming days.