After several hours of interinstitutional negotiations on Thursday 7 December, the European Parliament and the EU Council failed to reach a provisional agreement on the text of the Single Market Emergency Instrument (SMEI). The MEPs are critical of the Council’s inflexible position, refusing to make any concessions, even though this trilogue was intended to be conclusive.
The regulation, which is intended to remedy the disruptions that can be caused by certain crises, as was the case...