European Union: Government Policy & Public Finance

The European Union's Market-in-Sustainable-Products (MiSP) initiative enters a critical political negotiation phase with over 1,900 proposed amendments that could fundamentally reshape the EU's market architecture.

Poland's economic transformation in early 2026 has been characterized by comprehensive state-led reforms spanning deregulation, energy transition, labour enforcement, and infrastructure investment. The government has implemented nearly 200 deregulatory measures while simultaneously launching offshore wind projects and strengthening worker protections through enhanced labour inspectorate powers. This coordinated restructuring represents a strategic effort to reposition Poland's economy for sustainable growth

Germany is positioning itself to become Europe's dominant military power through an extensive defense modernization program that will run through 2039. With defense spending more than doubling since 2020 and investments spanning space, AI, drones, and long-range capabilities, Berlin's military ascendance creates both opportunities and tensions with traditional European defense leaders like France and Poland.

The European Union has introduced targeted amendments to its AI Act through a new regulation, extending compliance deadlines for high-risk AI systems while maintaining existing prohibitions and transparency requirements. Organizations now have additional time to implement governance frameworks, documentation protocols, and monitoring systems, though obligations for general-purpose AI models and certain AI practices remain unchanged.

The European Commission has launched a public consultation on draft guidelines for classifying high-risk AI systems under the EU AI Act, with stakeholders having until June 2026 to provide feedback. These guidelines aim to help providers and deployers determine whether their AI systems fall into high-risk categories that significantly affect health, safety, or fundamental rights.

Ireland's Critical Infrastructure Act 2026 introduces a new legal framework requiring public bodies to prioritise and expedite delivery of State-funded infrastructure projects designated as critical by the Government. The Act establishes ministerial oversight powers, coordination duties, and resource allocation requirements while notably exempting designated projects from certain climate action obligations.

When French entrepreneur Thomas Durand set out to acquire a yacht for personal and family enjoyment, his initial focus was on selecting the perfect vessel

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Italy has taken another step toward making EU Regulation 2024/1689 (the "AI Act") operational on the ground. On June 10, 2026, the Italian government granted preliminary approval...