Brussels, 07/04/2004 (Agence Europe) - The European Commission decided on Wednesday to launch fresh proceedings to stop rising government deficit threatening no fewer than seven EU Member States. Armed with new Spring economic and budgetary forecasts, the Commission has sounded the early warning system to prevent Italian deficit exceeding 3% of GDP in 2004 and kicked off proceedings to correct excessive deficits in the Netherlands and UK. "Although government deficit is above 3% of GDP in...