Brussels, 03/05/2005 (Agence Europe) - On Tuesday the European Commission adopted a proposal to simplify rules for the June 2002 regulation on financial regulation applicable to the general budget of the European Communities. The revised financial regulation proposed will enter into force in January 2007at the same time as many important EU-funded programmes, such as scientific research and structural funds. After having consulted the European Parliament, the Court of Auditors and Economic...