Article 122 TFEU

Article 122 (ex Article 100 TEC) reads
 * 1.  Without prejudice to any other procedures provided for in the Treaties, the Council, on a proposal from the Commission, may decide, in a spirit of solidarity between Member States, upon the measures appropriate to the economic situation, in particular if severe difficulties arise in the supply of certain products, notably in the area of energy.


 * 2.  Where a Member State is in difficulties or is seriously threatened with severe difficulties caused by natural disasters or exceptional occurrences beyond its control, the Council, on a proposal from the Commission, may grant, under certain conditions, Union financial assistance to the Member State concerned. The President of the Council shall inform the European Parliament of the decision taken.

In the news

 * 21 April 2020, Politico.eu, Merkel backs EU bonds to fight coronavirus crisis, “We have already found an instrument in Article 122, paragraph 2, where bonds for countries can be passed on by means of guarantees from member states and then used, for example, to finance short-time working allowances,” she said.