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Europe Daily Bulletin No. 9789

25 November 2008
GENERAL NEWS / (eu) eu/economy
France, Germany and coordination of national measures

Brussels, 24/11/2008 (Agence Europe) - Although the United Kingdom is expected on Monday to confirm its intention to temporarily cut its VAT rates (from 17.5% to 15% over two years), this measure is not expected to be copied by France or Germany. At the end of her meeting with Nicolas Sarkozy on Monday 24 November in Paris, Angela Merkel declared to the press that, “a general cut in VAT, perhaps the answer in some countries, is not the correct response for France or Germany”. Although...

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