A recently-formed alliance of "accidental Americans" in the Netherlands and a group calling itself Bi-National European Investment Bankers (BiNEIB) is urging the European Parliament to end what they call the "discriminatory, fundamental rights-violating" practice of prohibiting U.S. citizens resident in the EU, as well as EU/U.S. dual citizens, from being able to purchase so-called EU SURE and Next Generation EU (NGEU) bonds.

Last Tuesday's eagerly-anticipated (online) discussion of the controversial American tax law known as FATCA by the EU's Economic and Financial Affairs Council (ECOFIN) – which had been flagged up in advance by campaigners who argue that it causes a raft of problems for "accidental Americans" as well as ordinary American expats and dual U.S./EU citizens – failed to deliver any significant breakthroughs to the law's oponents, beyond ECOFIN's assurance that it stands ready to assist those member states that seek to challenge it. 

The EU's Data Protection Board is to "again look into" the degree to which the processing and transferring of the personal data of European citizens to the U.S. by EU countries, in compliance with the U.S. tax evasion prevention law known as FATCA, could violate the bloc's General Data Protection Regulation (GDPR), an EU official has said.

A series of speakers, including four members of the European Parliament, on Tuesday slammed what they said was the European Commission's continued failure to take serious action aimed at addressing the banking and tax problems that thousands of American/EU dual nationals have been struggling with for years – problems that they said are expected to get worse if nothing is done.

European Parliamentarian Sophie in 't Veld, a champion of Europe's accidental Americans for the last several years, has posted a written question to the European Commission, in an effort to nudge the organization into action on the matter of the difficulties Europe's "accidentals" are continuing to struggle with, particularly with respect to maintaining their bank accounts.

Europe's estimated 300,000 so-called 'accidental Americans' were dealt a fresh blow yesterday, in the form of a statement by a top EU official who said the European Commission had found "no evidence of the existence of an infringement" on the rights of such 'accidentals', as EU citizens, to have "a basic bank account".

The U.S. Treasury this week revealed that it had met last Tuesday and Wednesday in Washington with representatives from a number of EU organizations, including the European Commission, European Banking Authority and the European Securities and Markets Authority, "to exchange views on financial regulatory developments". It said the meetings had taken place as part of ongoing regulatory discussions between the Treasury and the EU entities.

The European Union is "preparing to re-tune" some of its MiFID II market rules from 2020, less than three years after they were first implemented, in response to criticism from investors and regulators of the controversial legislation, the Financial Times has reported.

So-called "Accidental Americans" in France and elsewhere in Europe expressed disappointment, and in some cases dismay, after France's top administrative court ruled that the current regime under which France provides information to the U.S. under its controversial Foreign Account Tax Compliance Act could stand, and didn't need changing or to be scrapped.

European Parliamentarian Sophie in 't Veld has called on French politician Pierre Moscovici to ensure that the European Commission for Economic and Financial Affairs – which he heads up – “starts taking [the problems that Accidental Americans are facing in Europe because of FATCA] seriously,” and “stops hiding behind excuses."