Legal bases in Article 122 TFEU: Tackling emergencies through executive acts
Article 122 of the Treaty on the Functioning of the European Union (TFEU) provides for two legal bases, enabling the Council to adopt – in exceptional circumstances – measures based on a European Commission proposal without involving the European Parliament. Article 122(1) is concerned with economic difficulties faced by Member States, and Article 122(2) specifically addresses financial assistance to Member States.