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Free AccessEU Could Seize Vaccine Production As 'All Options On Table'-VdL
In a punchy Q&A session following a statement on the EU's vaccine supply and green certificate (see 1158GMT bullet), Commission President Ursula von der Leyen goes on to confirm that 'all options are on the table' when it comes to securing vaccines for the EU. Comment comes after a journalist questioned whether the EU could invoke Art.122 on the Treaty on the Functioning of the EU to allow for the seizure of vaccine production and suspension of IP rights by the EU.
- The implication that the EU itself could seize private business operations and ride roughshod over intellectual property rights in an effort to broaden vaccine production and distribution is a major step for a bloc that has sought to paint itself as a destination for international investment.
- Says it is 'hard to explain' to EU citizens why the EU is exporting vaccines to vaccine producing countries while hardly any are coming into the EU itself.
- VdL also says that there is a 'seamless flow' of products for vaccines with the US, and that the EU's cause for concern is the UK.
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.