The Maltese Presidency of the Council of the EU will be put majorly to the test this semester in the financial dossiers: the start of the inter-institutional negotiations on the Commission's legislative proposals to breathe new life into the market for securitised products in Europe. However, the Slovak Presidency has made life considerably easier for it by concluding a number of dossiers before passing the baton.
The most sensitive dossier concerns securitisation. In 2015, the Council...