Brussels, 05/06/2001 (Agence Europe) - The "Internal Market/Consumer" Council, gathered last Thursday in Brussels, formally adopted a Directive aiming to modernise the European accounting rules, that is to say bringing them into line with international accounting practices.
As we previously indicated, the Directive will replace the present rules, 20 years old, by authorising the application of the "fair value" accounting method (fair value is usually associated to the present value of a...