For 30 years, the single market has helped keep

Europe strong and united.

And recent crises have shown how much our economy relies on it.

We must be better prepared for future crises

triggered by any unexpected and sudden event

of extraordinary nature and scale.

A new single market emergency instrument

will equip the EU

with means to rapidly respond to those critical situations.

The instrument will ensure the free movement of goods,

services, and people

with greater transparency and coordination.

It will help prevent shortages

and ensure the availability of crisis relevant products

and services

so that our economy can rely on a well-functioning single market

when we need it the most.