Saving jobs and protecting incomes: from national schemes to a European double safety net

Job-saving schemes predicated upon the tenets of short-time work have been successful in preventing mass […]

Policy Study

25/09/2020

Job-saving schemes predicated upon the tenets of short-time work have been successful in preventing mass redundancies, long-term unemployment and business closures. We posit that, for as long as this exceptional health crisis persists, governments should not give up on their duty to provide a safety net for millions of workers who are still affected by the slowdown of aggregate demand across the continent.

This paper presents an appraisal of the newly created SURE instrument. This is welcomed as a positive step towards the attainment of anti-cyclical stabilising mechanisms on a supranational level. However, we are clear in elucidating the limitations of this new scheme. It is limited to loans and, most importantly, its scope is constrained to those jobs that can be saved. More therefore needs to be done in light of the impending economic crisis.


SURE cannot be misconstrued as a satisfactory end but rather as a window of opportunity for more ambitious progressive politics. A European unemployment reinsurance scheme is gaining increasing momentum and indeed we make a strong case for its prompt implementation. The shock-driven recovery is already underway in the form of a strengthened safety net for European working families. However, recovery needs to be followed by transformation, and policymaking at a European level can contribute decisively to the formation of a double safety net underpinned by the guiding principles of solidarity and social justice.

Read the FEPS Covid Policy Response paper N.8

 

Find all related publications
Publications
13/06/2022

Just Transition & Revitalisation – A New EU Strategy for Rural Areas

How can EU actions support the revitalisation of rural areas? How can EU institutions put […]
19/05/2022

European Industrial Policy: A crucial element of strategic autonomy

European Strategic Autonomy series - Economy & Trade
12/05/2022

A macro-development perspective on euro area imbalances

By FEPS and Initiative for Policy Dialogue (IPD), founded by Nobel Laureate Joseph E. Stiglitz.
03/05/2022

Healthy democracy & democratic health

As vaccines allow a gradual return to a “new normal”, this book offers an invitation […]
Find all related events
Events
Upcoming
07 - 09/07/2022
Reggio Emilia (Italy)

ProgressivesSpeakUp: School of young local politicians

School for young local leaders, 7 – 9 July, Reggio Emilia (IT) This year’s School of […]
Past
30 - 31/05/2022
Berlin (Germany) | Online

Day of Progressive Economic Policy 2022

Hybrid Conference, Berlin (Germany), 30-31 May 2022 We are embarking on the frequently invoked “decade […]
22/04/2022
Palermo (Italy)

Healthy Democracy: Inequalities and the pandemic

22 April 2022, Palermo (Italy) The pandemic and the various public health measures adopted to tackle its […]
Find all related news
News
30/05/2022

FEPS launches ‘Recovery Watch’, a new research project

The National Recovery and Resilience Plans represent the new framework in which member states will identify their […]
10/05/2022

Call to participants: Training Days for Social Business

Switzerland, September 3rd 2022
28/04/2022

Prof. Stiglitz: NextGenEU was a step forward, but the EU needs more flexibility

The Nobel Laureate in Economics Prof. Joseph E. Stiglitz speak out about EU’s economic governance and fiscal rules […]
19/02/2021

FEPS supports the Statement of the Progressive Alliance: Global solidarity is the key to overcoming COVID-19

FEPS is pleased to join the global progressive family and supports the Statement of the […]
Find all related in the media
In the media

Belgians resigned but not yet panicking as prices continue to rise

06/05/2022

COVID-19 could be incentive to give EU more health powers – Euractiv

by Euractiv 03/03/2022

2022: Pathway to reconstruction – EURACTIV

01/02/2022

EU sees strengthened partnership with US vital for global recovery – EURACTIV

26/01/2022