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Report on IFRS at European Council of Ministers Meeting

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23 Jan 2004

The official Notes of the Meeting of EU Council of Economics and Finance Ministers in Brussels on 20 January 2004 state: "Commissioner Bolkestein briefed the Council on the difficult discussions underway with the International Accounting Standards Board on International Accounting Standards IAS 32 and 39 (the financial instruments standards).

The Council welcomed the efforts made by Commissioner Bolkestein on this important issue and invited him to pursue his work."

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