Brussels, 10/07/2007 (Agence Europe) - As expected, under Article 104, paragraph 8, of the Treaty, the ECOFIN Council noted on Tuesday that the measures taken by the Czech Republic to correct its excess deficit are unsatisfactory and it will not be able to reduce its deficit to below 3% in 2008 as instructed by the ECOFIN Council in 2004. Following the European Commission's assessment of Prague's updated convergence programme, the ministers noted that the Czech deficit would be 4% this year,...