Brussels, 18/11/2013 (Agence Europe) - On Friday 15 November, the Ecofin Council debated the position of the European Union in the adoption of international financial reporting standards, IFRS, on the basis of the Maystadt report, which was presented last week (see EUROPE 10961).
The ministers are open to the idea of bringing in a dose of flexibility when incorporating the standards adopted by the International Accounting Standards Board (IASB) into European legislation. This possibility...