Brussels, 05/05/2004 (Agence Europe) - On 12 May, the European Commission will start proceedings under the Stability and Growth Pact to resolve the situation of excessive deficit in six of the ten new Member States of the EU: the Czech Republic (12.3% of GDP), Cyprus (6.3% of GDP in 2003), Malta (9.7%), Hungary (5.9%), Poland (4.1%) and Slovakia (3.6%). This was announced on Tuesday by the Commissioner for Economic and Monetary Affairs, Joaquin Almunia, who warned that the criteria of the...