D-Day

On the EU's AI and data protection in today's omnibus bill; the job profile for the next Eurogroup president; a downgraded joint fighter jet project; and on a financial crisis in the US, EU and China.

• The EU Commission presents an omnibus bill today to undo some of the damage of its previous digital legislation, including relaxed rules for data protection and AI;

• there is increased awareness of dependencies on US tech companies, but not yet a strategy for how to find a place in the AI race;

• Friedrich Merz backed France in its quest for European soverei…