
EU Friday – 28 February
Welcome to Better Europe's weekly update on EU Affairs. EU ISSUES FIRST DEREGULATION EXECUTIVE ORDER While everyone in the Brussels Bubble is busy comparing leaked and final versions of the “Omnibus”, the Commission proposal to unravel the fragile political compromise on sustainable finance and responsible business agreed over the last legislature, a more significant democratic change is hidden behind in procedural subtleties. Just as Trump decided to rename an ocean because he felt like it, von der Leyen decided to scrap sustainability reporting and due diligence obligations for 99.9% of EU companies, with an impact assessment that only looks as costs and a stakeholder consultation that admittedly saw complaints from "a few" businesses that had to be resolved. Some financial supervisors say that speed is more important than accuracy when…