Brussels, 08/10/2003 (Agence Europe) - On Wednesday, to no surprise, "France has taken no effective action" in response to the EU Council of Ministers of the Economy and Finance Recommendations made to the country in June: France will not be bringing its public deficit to below the 3% threshold of GDP by 200, it did not reduce its structural budget in 2003 and it was not able to prevent any increase in its debt.
This new phase in the excessive debt procedure against a Member State will be...