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European Commission decision to take legal action for failure to comply with financial transparency

European Commission decision to take legal action for failure to comply with financial transparency

02-12-14

ERFA welcomes the decision by the European Commission in taking Austria to court for failing to comply with EU rules on financial transparency. Strengthening financial transparency ( putting measures in place to prevent financial flows withing holding structures) is one of the key provisions of the 4th Railway Package's political pillar and ERFA urges the EU Transport Council to take the opportunity to get the legislation right.