Brussels, 07/05/2004 (Agence Europe) - A spokesperson for the President of the European Commission said on Friday that the Commission would be adopting reports at its weekly meeting on 12 May on the budget situation of six new Member States (Cyprus, the Czech Republic, Hungary, Malta, Poland and Slovakia) whose deficit is above the 3% GDP cut-off point. A colleague pointed out that this was only the first step and that any proceedings for excess budget deficits would only be launched at the...