EU states to build up reserves

Plans for a new crisis instrument are taking shape, according to information available to Europe.Table. As stated in an internal document, the EU Commission wants to instruct member states which sensitive products should be stockpiled and according to which criteria they should be allocated to the industry in the event of a crisis.

According to information available to Europe.Table, the new crisis instrument for the single market, which EU Commission President Ursula von der Leyen plans to present on September 13 during her State of the Union address to the EU Parliament in Strasbourg, is to be switched like a traffic light in three phases – green, yellow, and red. Officials around Internal Market Commissioner Thierry Breton are still working flat out on the details of the Single Market Emergency Instrument (SMEI). Europe.Table has received an internal paper from the Commission that provides information on what the instrument could look like in concrete terms.

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