EU Seeks Sweeping New Crisis Powers to Secure Critical Supply Chains

EU Seeks Sweeping New Crisis Powers to Secure Critical Supply Chains
EU Internal Market Commissioner Thierry Breton talks to journalists during an online news conference at the EU headquarters in Brussels, Belgium, on Sept. 3, 2020. Francisco Seco/Pool via Reuters
Tom Ozimek
Updated:
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The executive body of the European Union (EU) laid out a new emergency tool to secure supply chains in times of crisis that would give it sweeping new powers to block member countries from adopting restrictions to the free movement of crisis-relevant goods or force businesses to break contracts and stockpile key products.

Details of the plan—called the Single Market Emergency Instrument (SMEI)—were announced on Sept. 19 by the European Commission (EC), which would be granted the power to declare an emergency and trigger a range of market interventions.
Tom Ozimek
Tom Ozimek
Reporter
Tom Ozimek is a senior reporter for The Epoch Times. He has a broad background in journalism, deposit insurance, marketing and communications, and adult education.
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