EU seeking emergency powers to tackle supply crisis | News | DW

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.

“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,…

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A technology enthusiast and a passionate writer in the field of information technology, cyber security, and blockchain

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