2/23, 11:36 AM (Source: TeleTrader)
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EU working on market tool to avoid future disruption - Von der Leyen

European Commission President Ursula von der Leyen stated on Tuesday the European Union was working on a Single Market Emergency Instrument to "avoid future disruption" in the bloc's economy in situations similar to the ongoing COVID-19 pandemic.

"And we will diversify supply chains & create European alliances, to be more resilient in the sourcing of raw materials," she tweeted. "Let's draw the lessons of the pandemic."

Earlier this week, von der Leyen urged the bloc to ratify the Own Sources Decision and hence approve the funding of the NextGenerationEU, the scheme aimed at combating the crisis caused by the coronavirus pandemic.

Breaking the News / JR