White smoke from Berlin: the coalition has agreed to tie new car purchase incentives to European preference rules - and work to align them across the EU.

A very smart move as @sandertordoir.bsky.social, @lucasguttenberg.bsky.social and I have argued here:
www.delorscentre.eu/fileadmin/2_...

Good to see @europarl.europa.eu refer to principle of solidarity in its resolution on Hungary calling for triggering of Art. 7(2) TEU. With @dimitrispieker.bsky.social and Ulrich Karpenstein, we argued that new Art. 7 procedure should be initiated against HU based on breaches of solidarity in CFSP

Today’s Omnibus vote has rolled over an already perforated cordon sanitaire in the European Parliament. For the first time, the EPP sided with far-right groups on a file key to the Commission’s agenda. Make no mistake: this was no accident and it’s unclear whether the centrist coalition can recover🧵

Today´s vote on the Sustainability Omnibus was a watershed moment in the European Parliament, as the EPP sides with far-right political groups to scratch climate transition plans and civil liability under the CSDDD, and reduce the scope of companies covered under the CSRD.

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Today, the conservatives (EPP) passed a major piece of EU legislation with the far-right groups in the EU Parliament, marking the breakdown of the cordon sanitaire. The EPP, under Weber, has decided to sacrifice long-term principles and stability for short-term political gains.

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I am very excited to be joining the Jacques Delors Centre as Policy Fellow for EU Financial Markets! I look forward to contributing to the debate on how financial markets can best serve citizens and companies, and help promote the #greentransition and #EUcompetitiveness.