Hawkish eastern and northern European countries, including Poland and Sweden, are keen to increase EU defense spending, while southern countries such as Italy and Greece prefer more cash to stem the arrival of migrants from Africa.
In 2025, EU countries will set red lines for negotiations. But if bygones are anything to go by, leaders will be arguing over the details until the 11th hour.
green rules bonfire
Green finance rules are already set to dominate the 2025 agenda, and changes to sustainable finance disclosure rules are widely expected to address deficiencies in the text that have had a major impact on the industry.
But now Commission President Ursula von der Leyen has taken the amendments one step further by announcing a bumper “omnibus” law that is expected to consolidate several green rules. The package is already sparking a political fight over which laws to include, and the financial sector is bracing for a fierce legislative battle.
that ‘The open finance revolution
Lawmakers are debating major financial reforms, including financial access data bills and payments sector rules, pitting Big Tech against traditional finance.
The data bill would force insurers and other financial companies to share customer data with third parties to foster innovation.
