Brussels, 09/11/2011 (Agence Europe) - On Tuesday 8 November, the ECOFIN Council formally adopted the revised Stability and Reform Pact (see EUROPE 10462), tightening budget surveillance and introducing a debt reduction timeline. It also introduces a new macroeconomic surveillance system for countries in deficit and in surplus alike. The Commission will develop an early warning scoreboard for the surveillance of macroeconomic imbalances (see separate article). Eurozone countries breaking EU...