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Europe Daily Bulletin No. 10979

7 December 2013
ECONOMY - FINANCE - BUSINESS / (ae) ecofin
Savings tax directive unlikely to be adopted

Brussels, 06/12/2013 (Agence Europe) - There is little chance of unanimous adoption of the revised savings tax directive at the Ecofin Council on Tuesday 10 December because it is not expected that Luxembourg and Austria will lift their veto, despite pressure from the European summit for agreement to be reached in December and the change of government in Luxembourg.

Former Luxembourg finance minister Luc Frieden said at the Ecofin Council in November that his government was unhappy about...

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