A plume of smoke goes up at the EU Council on excise duties. On Friday 17 May, European Finance Ministers once again failed to reach political agreement ('general approach') on the three legislative texts on the table (see EUROPE B12124A12). Romania, which currently holds the Presidency of the EU Council, blocked their adoption because it failed to get the exemption it wanted on its 'homemade' alcohol.
An agreement at the meeting on the Directive on the harmonisation of the structures of...