Brussels, 17/05/2011 (Agence Europe) - Italy's finance minister, Giulio Tremonti, explained at the Economic and Financial Affairs (ECOFIN) Council on Tuesday 17 May that Italy opposes the latest draft of the updated savings tax directive on the grounds that the directive has been watered down and does not include any real sanctions for violation of the new rules. The finance minister of Luxembourg, Luc Frieden, said that Luxembourg could agree to the Hungarian Presidency's conclusions...