1-2, in case you haven't read Chris Aylett's statement this is the important part:
"In simple terms, the EC plans to issue a new Motor Insurance Directive, as a result of which all EU Member States must put into their National Law compulsory and unlimited third-party liability insurance to cover personal injury between motorsport competitors and car-to-car damage during any competition – from Formula One, Moto GP, World Rally to karting, historic and grass roots, whether regulated by the FIA or FIM or not.
However such widespread unlimited new insurance is not currently and, we understand, will not in the future be available - so motorsport will be unable to continue anywhere in the EU."
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