Brussels, 28/11/2005 (Agence Europe) - The Council of Presidents of the European Construction Industry Federation (FIEC) has taken a clear position in favour of reduced rates of VAT in the European construction industry. In a press release of 25 November, FIEC says that “the non-renewal of this measure would threaten close to 250,000 jobs with effect from 2006” and “would mainly affect SMEs". Directive 99/85/EC authorising the application of reduced VAT rates in certain sectors...