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E.C. To Investigate Tax-Exempt Savings Accounts

By Catherine Fredenburgh (June 7, 2006, 12:00 AM EDT) -- The European Commission is pursuing two investigations centered on so-called "savings books" distributed by three French banking networks, amid concerns that the way the books are distributed hinders competition and that past payments to one of the banking networks may violate E.C. prohibitions against state aid....

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