The President of the European Parliament, Martin Schulz (S&D, Germany), has shown political leadership by concluding a quick deal within his political group on the controversial investor-state dispute settlement (ISDS) mechanism.

At the group's meeting on 1 July, S&D members approved with 54 votes in favour and 36 against a compromise amendment sponsored by Schulz that is to replace the divisive ISDS Amendment 115 submitted by the S&D to Parliament's 10 June plenary vote on the Transatlantic Trade and Investment…