Welcome to Better Europe's weekly update on EU Affairs. EU SUMMIT: SHOW US THE MONEY We said it last week and even Politico agreed: Trump stole the Summit. Just read this op-ed by Enrico Letta, the eloquent social-democrat former Prime Minister of Italy now hiding in academics and at the prestigious Jacques Delors think tank. His brilliant report, Much More Than a Market, is long forgotten, as EU leaders have selectively interpreted the recommendations he and his colleague Mario Draghi made two years ago. Yes, we have a 28th regime proposal, captured by the U.S. venture capital-backed "EU-INC" campaign and published in the nick of time a day ahead of the EU Summit. In classic Brussels strategic thinking, it could fly as no one is really happy with it: it…

Welcome to Better Europe's weekly update on EU Affairs. THE RETURN OF THE WARBORN Better Regulation ‐‐ the favourite topic of our weekly review. It's been a while since we last heard from regulatory fitness poster child Jörgen Warborn as he was busy getting his latest non-legislative report on Better Law-Making across the finish line. We have to be honest: after the ugly burden reduction sprint in last year's Omnibus I deal, the report voted this week is a refreshing marathon of sensible Better Regulation statements. The Parliament "strongly regrets that the Commission is increasingly failing to carry out impact assessment". These assessments must consider not just costs, but also social, economic and environmental impacts. And any further burden reduction measures should also come with an ex-post evaluation, cost-benefit analysis…

Welcome to Better Europe's weekly update on EU Affairs. VON DER LEYEN SLAPPED IN THE FACE ON TRADE DEALS The Parliament’s fourth try to adopt a motion of censure against Ursula von der Leyen’s Commission failed as expected: with only 165 votes in favour and 390 against, it fell far short of the two-thirds majority required to dismiss the College. The motion, led by the far-right Patriots, was presented as a protest against the Commission's management of the EU-Mercosur agreement. However, the more significant blow to von der Leyen’s authority had already been delivered earlier in the week: MEPs decided to delay the vote on the EU-U.S. trade agreement, and voted to refer Mercosur to the Court of Justice, delaying its final adoption by up to two years. To add…

Welcome to Better Europe's weekly update on EU Affairs. A MASTER PLAN FOR EU FINANCIAL INTEGRATION This week, the Commission launched a horizontal review of financial market infrastructure legislation, opening up a dozen of legislative files in a renewed attempt to build more integrated EU financial markets. Until last year, Brussels insiders would refer to such a package as an “Omnibus”, a concept that since this year refers to legislative proposals that deregulate while pretending to merely simplify things… so to avoid linguistic confusion, the Commission puts forward a “Master Regulation” and a “Master Directive” instead. Together, the two aim to overhaul the way that EU financial services are regulated and marketed throughout the EU, although “overhaul” is perhaps overstated. The most ambitious proposals such as mainstreaming integrated supervision, as…

Welcome to Better Europe's weekly update on EU Affairs. EU STOPS THE CLOCK ON SUSTAINABLE BUSINESS LAWS Good news – EU Member State representatives indicated their governments agree to the "stop-the-clock" proposal to postpone sustainability reporting for two years, a message that Europe's large companies have been desperately wanting to hear. The decision will save them a lot of resources that can be reinvested into competitiveness, which is desperately needed in view of sudden geopolitical winds of change. And even better news is that the rules on due diligence will also be postponed by one year, which should give a breath of relief of companies that are busy to survive and therefore not able to dedicate time and resources to checking their supply chains. After all, there is nothing wrong…

Welcome to Better Europe's weekly update on EU Affairs. THE EU’S € 2 TRILLION QUESTION: WILL PUBLIC PROCUREMENT GO SUSTAINABLE? MEPs are setting the stage for a shake-up of the EU's public procurement rules, but fault lines are already emerging. While there's broad consensus on the need to cut red tape and make it easier for SMEs to bid, the real battle is over how much weight social and environmental objectives should carry. During an exchange of views in the Internal Market Committee on a forthcoming report, right-wing MEPs pushed for simplification, warning that excessive bureaucracy was stifling cross-border competition and innovation. EPP shadow Christian Doleschal called for higher thresholds and a streamlined system to encourage start-ups. Meanwhile, the Greens and S&D insist that procurement should be a lever for…