EU sues 24 member states over trading rules

McCreevy cracks the whip on EU states that have missed the Mifid transposition deadline.

The European Commission has launched infringement proceeding against the 24 European Union countries that have failed to meet the January 31 transposition date for the Markets in Financial Instruments Directive (Mifid). Only the UK, Bulgaria and Ireland met the transposition date although seven countries, including France and Germany, have notified the Commission that they are near to a

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