Brussels, 26/02/2003 (Agence Europe) - The European Commission has threatened to initiate excessive deficit procedure against France after the declarations made on Tuesday by French Prime Minister Jean-Pierre Raffarin, who said it is "likely" public deficit will exceed 3% of GDP from 2002 (see yesterday's EUROPE, p.7). "France, like all other Member States, must notify the Commission before 1 March of the final deficit figures and the debt for 2002. We expect to see figures notified by...