b'Recent shocks have shown not only how vulnerable to crises the single market is, but also the extent to which the EU economy relies on a well-functioning single market. To protect it, the European Commission put forward a single market emergency instrument (SMEI) package. The main proposal establishes measures for contingency planning, such as an early warning system. If a wide-ranging crisis hits the single market, an \'emergency mode\' could be triggered.
\\n\\t\\t\\t\\t- Original publication on the EP Think Tank website
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Source: \\xa9 European Union - EP'