Brussels, 08/07/2002 (Agence Europe) - Following a survey of a selection of its members, VDMA, the largest engineering association in Europe has called on the European Commission to create a Private European Company (PEC) statue for SMEs. 95% of companies interviewed in this survey asserted that they would set up subsidiaries in Europe if this statute were adopted. The current situation of having to operate under 15 different legal systems appears to be the main cause dissuading SMEs from...