EU finance ministers will meet today in Brussels to try and resolve the impasse reached over the clamp-down on savers who stash their money in other countries Two years ago, the EU member states said that they would co-operate with each other by passing on information on cross-border savers so that each member state's tax authorities could tax the saver at an appropriate rate. However Luxembourg, Belgium and Austria said that if they were to loosen their own banking laws, other non-EU countries like Switzerland and the USA would have to do the same. But the Swiss in particular have dug their heels in and have maintained that while they will go some of the way in helping the EU states solve their problem, they were not prepared to open up its banking industry to all and sundry as it would undermine its competitiveness and lead to substantial job losses //www.fxcentre.com