04/12/2007 (Agence Europe) - On Tuesday 4 December, the Ecofin Council adopted conclusions on European risk capital markets in which it recognises the fragmented nature of these markets at national level as well as the weakness of European companies in the sector. It above all welcomes the European Commission's intention to “publish a Communication on removing obstacles to cross-border investment by venture capital funds”. It also stresses the importance of “removing, where appropriate by modernising EU legislation, relevant outstanding obstacles in Member States' legislations to investment in private equity/venture capital by institutional partners”. (M.B.)