14/02/2006 (Agence Europe) - On 14 February, the Ecofin Council, without discussion and to the satisfaction of all, gave its backing to the legislative proposal confirming the unanimous agreement of 24 January on reduced value-added tax (VAT) rates. The President of the Ecofin Council Karl-Heinz Grasser told journalists that it was a success for Europe and for the 250 million people who would have been threatened with a rise in VAT rate in labour-intensive services. “It is a real gesture...