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Who's dragging their feet on EU pensions disclosure?

Germany and France are among the countries who will have to reveal their unfunded pension liabilities after unsuccessfully trying to stand in the way of new European rules

Good news from the European Parliament - how often can we say that? - which voted yesterday to insist that EU governments put all data on their unfunded pension liabilities into the public domain. But some countries appear to have been dragging their feet.

MEP Sharon Bowles, a UK Liberal Democrat who chairs the Parliament's economic and monetary affairs committee, is delighted that her report on the statistics used by EU authorities was formally "adopted" by the full Parliament yesterday. It includes sections on ending "off-balance sheet accounting" by national governments, particularly in the area of pensions.

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