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UK finance minister Gordon Brown was told his plan is "bureaucratic" (Photo: EUobserver)

UK plan for anti-protectionism taskforce rejected

EU finance ministers on Friday clashed over a UK plan for an anti-protectionism taskforce, while Lithuania saw its hopes for 2007 euro membership dashed.

The finance ministers met informally in Vienna on Friday (7 April), amid tensions over protectionism that recently emerged following French, Spanish and Polish attempts to thwart foreign takeovers of their energy and banking firms.

Finance ministers demonstrated broad agreement that "continuing protectionism is one of the reaso...

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UK finance minister Gordon Brown was told his plan is "bureaucratic" (Photo: EUobserver)

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