EU allocates 14 billion euros in concessional loans to member states to deal with the epidemic

　　China News Service, Brussels, February 3 (Reporter De Yongjian) After issuing the first 2021 social bonds on January 26, the EU allocated 14 billion euros raised to 9 member states on February 2 to help ease The epidemic has had a huge impact on the job market in these countries.

　　According to the European Commission’s report on the same day, the EU allocated the funds in the form of concessional loans. The specific allocation was 4.45 billion euros for Italy, 4.28 billion euros for Poland, 2 billion euros for Belgium, 1.03 billion euros for Spain, 913 million euros for Slovenia, and 728 million euros for Greece. , Hungary 304 million euros, Cyprus 229 million euros and Latvia 72 million euros.

Many member states of the European Union have started the new crown vaccination work.

The picture shows Belgian medical staff preparing for the new crown vaccination work.

　　After the outbreak of the new crown pneumonia epidemic at the beginning of last year, the European Union launched the "Emergency Assistance for Unemployment Risk Mitigation" project ("SURE") to help its member states stabilize the job market. Concessional loans are allocated to member states to pay unemployment benefits, fund short-term work projects and entrepreneurial projects, etc.

　　From October to November last year, the European Union successively issued three batches of social bonds, with a total issuance of 39.5 billion euros; on January 26 this year, the European Union issued the first batch of social bonds in 2021, with a size of 14 billion euros, including 10 billion euros for 7 years. Bonds and 4 billion euros of 30-year bonds.

　　EU statistics show that the international capital market has responded positively to these bonds. Most of the bonds were oversubscribed by 8 to 13 times. The 7-year bonds issued on January 26 were issued at a premium, with a yield of -0.497%, which was a negative return. Rate bonds.

Data map: Milan, Italy, an empty street in front of La Scala is illuminated by red lights.

The country has adopted a series of new measures to further strengthen the prevention and control of the epidemic.

　　According to the EU plan, the "Emergency Assistance for Unemployment Risk Mitigation" project will continue until December 31, 2022, during which the EU social bond issuance scale can reach up to 100 billion euros; if the economic situation does not improve by then, the EU can postpone the project every six months One time, during the period or to issue additional social bonds.

　　As for the member states, after the EU raised funds through the issuance of social bonds, 15 countries have received preferential loans allocated by the EU, including Italy, Spain, Portugal, Greece, Cyprus, Malta and other southern European countries, Poland, Hungary, Romania, Croatia and other Central and Eastern European countries, and so far the only Western European country Belgium. (Finish)