According to, the head of Italy´s online gambling regulation agency said that "significant progress" has been made towards Pan-European liquidity for online poker.

Over the past six months there has been various indicators that pan-European online poker liquidity is getting closer to reality. In October last year, France passed the “Digital Republic Bill” that allowed regulators to enter into talks to share liquidity and, in November, regulators from France, Italy, Spain, Portugal, and the UK announced that shared liquidity agreements could be in place by mid-2017.

Earlier this month, the European Union approved a technical standards paper that would allow Portugal to enter online poker shared liquidity agreements with other European regulated markets, and now the head of Italy´s online gambling regulation agency – Daria Petralia – has told Italian news outlet Gioconews that Europe should be ready to adopt a shared liquidity plan by the end of July.
Plenty of Obstacles Still to Overcome

The movement towards pan-European poker liquidity follows six years of successive declines. Many online poker players in the ring-fenced countries of France, Spain, Italy and Portugal have abandoned their regulated markets to play at offshore poker sites – not only due to a lack of liquidity, but also because of lower value tournaments, reduced rewards and high levels of rake.
The article adds that taxation will be "the major stumbling block" as each of the ring-fenced countries has its own taxation system.

Although there is not a great deal of difference between the tax structures used in Spain, Italy and Portugal, operators in France are taxed on every hand dealt. A change in the French rake and tax structures will be necessary before any proposals are successful.
There is also an issue about who would want to operate in a Pan-European player pool:

PokerStars is the only online poker site with a presence in the five countries (including the UK) that might participate in a liquidity sharing agreement. Although it has been rumoured that Winamax has been recruiting Spanish and Portuguese speakers, 888Poker only operates in Spain, Party Poker has a very minor presence in France, Spain and Italy, and only two iPoker skins operate in more than one ring-fenced country.
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