Between 1998 and 2004, Europe suffered more than 100 major flooding events, including the catastrophic floods along the Danube and Elbe rivers in the summer of 2002. In the wake of these events, the European Commission has embarked on the development of a European policy on flood risk management, resulting in a proposal for a floods Directive that was tabled in January 2006. This paper by Thomas Dworak and Benjamin Görlach tracks the development of the European approach to flood risk management and discusses future options for a European policy on floods.