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European Council

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Feature

Due diligence obligations: financial sector to be privileged

If the Council had its way, the financial sector would be almost entirely excluded from the EU's duty of care legislation. What this means in concrete terms is shown by an example from Mexico, in which a Luxembourg financial holding company is also involved. The case clearly shows how difficult it is to clarify the question of the responsibility of financial service providers.

By Charlotte Wirth

Feature

Debt rules: Member states postpone dispute

Governments are suspending their dispute over the reform of the new EU fiscal regulations for the time being. This is revealed in a draft of the conclusions of the ministers of finance meeting, which is available to Table.Media. This indicates that the regular summit on 23/24 March will not be burdened by the disagreements over the realignment of the debt rules, which are particularly intense between the EU Commission and the German government.

By Max Mustermann

Feature

Charles Michel's difficult mission in Beijing

Amid protests against zero-Covid, the EU Council chief travels to China. The timing for the first personal handshake in years is problematic. For President Xi, however, the photo opportunity comes at just the right time, as the EU-US dialogue on China is being held in Washington at almost the same time. For Michel, however, a "mission impossible" awaits him in China.

By Amelie Richter

Feature

Member states hopelessly at odds over brake on energy prices

Even at the informal European Council, there was no sign of a common approach to curbing the rise in gas and electricity prices. The criticism of the Germans' go-it-alone approach was all the more audible. The double boom is not going down very well with the direct neighbors.

By Ella Joyner

Opinion

What's cooking in Brussels: dining table and bridge

The menu of the day is the art of culinary diplomacy. Today is the day of European summits, which seem to favor the end of the week since the start of the war in Ukraine. The table order plays an important role during negotiations – and increasingly also the passerelle, a small bridge.

By Claire Stam