Tax harmony is on EU agenda, says Giscard

FRANCE - Valery Giscard d'Estaing expects tax harmonisation to appear in the draft constitution being drawn up by the convention on the future of Europe.

Mr Giscard d'Estaing, who heads the convention, also warned that countries failing to ratify the draft constitution could end up outside the European Union the Financial Times reported.

The former French president identified a growing consensus within the convention for scrapping the national veto on fiscal issues that could distort the EU's i