I don't know much about this, but there's a vote on July 7th in the IMCO and ITRE sub-committees of the European Parliament. The topic is mandatory blocking of traffic by ISPs, which also requires mandatory reading of traffic by ISPs. I'm not sure I'll have time to dig into this, so please take a look if you might have time to write an email on this.
The details: http://www.laquadrature.net/wiki/Telecom-Package_Compromise-Amendments_ITRE-...
To get organised: http://www.laquadrature.net/wiki/Mobilisation_Paquet-Telecom