Brussels, 04/12/2001 (Agence Europe) - The Ecofin Council, chaired by Didier Reynders, finally adopted directives on undertakings for collective investment in transferable securities (UCITS) and buried a political agreement on the directive on VAT invoicing (see yesterday's EUROPE, pp. 11 and 12 for details). The Council encouraged the Commission to extend the insurance system of airline companies but expressed fear about Galileo financing. The main results were:
Pensions: With a view to...