26/01/2004 (Agence Europe) - In an interview with the agency DPA, European Commissioner for Budget Michaele Schreyer criticised the initiative by six countries wishing to limit the EU budget to 1% of Gross Domestic Product. "One percent would be an effective reduction, if we are to welcome twelve new Member States by 2007", she said. She also warned against excessive expenditure, noting: "it would be a very realistic position if the Commission, despite enlargement and expectations of Europe,...