Brussels, 28/01/2010 (Agence Europe) - On Thursday 28 January, the European Commission decided to refer Belgium to the European Court of Justice (ECJ) for its failure to implement Commission Directive 2005/81/EC on the transparency of financial relations between member states and public undertakings. Member states were required to implement the directive into national law by 19 December 2006.
The original Commission Directive 80/723/EEC imposed a general transparency obligation on financial...