With the adoption on 3 September 2004 of a two-section communication on adjustment of the Stability and Growth Pact and on coordination of national budgetary policies, the European Commission launched a debate on the future structure and functioning of the Community's budgetary framework.
Exchanges with the Council are likely to continue under the Luxembourg Presidency during the first half of 2005 but the first elements of consensus appeared during the informal Ecofin Council of 10 and 11...