Get Updates
Get notified of breaking news, exclusive insights, and must-see stories!

EU seeking emergency powers to tackle supply crisis

Brussels, Sep 19: The European Commission unveiled a proposal on Monday that would allow Brussels to secure essential products from member states during a crisis.

Under the rules, European companies could be forced to prioritize the production of key products and stockpile goods or else face fines.

EU seeking emergency powers to tackle supply crisis

"We need new tools that allow us to react fast and collectively," EU Executive Vice President Margrethe Vestager said.

The proposed "Single Market Emergency Instrument" allows the Commission to order EU states to reorganize supply chains, including expanding or repurposing existing production capacities or setting up new ones, and placing crisis-relevant goods on the market.

Pushback from member states expected

The proposal is expected to face intense pushback from businesses and some EU countries, over concerns that the plan amounts to over-reach by the Commission.

The Commission will need to thrash out details with EU countries and EU lawmakers before the proposal can become law in a process that could take months.

Source: DW

Notifications
Settings
Clear Notifications
Notifications
Use the toggle to switch on notifications
  • Block for 8 hours
  • Block for 12 hours
  • Block for 24 hours
  • Don't block
Gender
Select your Gender
  • Male
  • Female
  • Others
Age
Select your Age Range
  • Under 18
  • 18 to 25
  • 26 to 35
  • 36 to 45
  • 45 to 55
  • 55+