Brussels, 19/07/2006 (Agence Europe) - Germany is “on track to correct its excessive deficit by 2007at the latest,” said the European Commission on 19 July, as we had previously anticipated. It felt, then, that there was no need for further steps in the deficit procedure opened in 2003. The Ecofin Council is expected to approve this view on 10 October. If the forecasts are met, the excessive deficit procedure could be stopped towards the end of 2007. “After four years breaching the...