Considering that this has been in the works for a year two years already and there haven’t been any reports of banks and insurance agencies objecting, your version of “it can’t happen here” seems less than fully convincing.

Mozilla says that it’s fairly close to passing though: https://last-chance-for-eidas.org/

I can only hope that this is what is going to happen. It’s a stupid idea and I have no clue why noone things about the consequences and evaluates if it’s for the better or worse…

Agreed. PwC, big banks and the internet as a whole would stand against such policy, giving institutions the power to destroy the very basis of internet trust is simply asking for the entire system to become discredited