Brussels, 12/05/2004 (Agence Europe) - Commissioner Joaquin Almunia does not seem concerned about the latest blows to the Stability and Growth Pact. Answering questions relating to the Pact's credibility, after the Ecofin Council had decided to defer the decision to engage early warning procedure against Italy until July(see yesterday's EUROPE, p.7), Mr Almunia said, on Tuesday, that "one could look at the situation in a different way". In his view, the proposed warning presented on 28 April...