09/10/2007 (Agence Europe) - On Tuesday 9 October, EU27 finance ministers followed the European Commission's recommendations (see Europe 9500) to repeal the excess budget proceedings against the United Kingdom under Article 104(12) of the Treaty and to confirm the 2008 deadline for the Czech Republic to correct its deficit (under Article 104(7)). The Council noted that the United Kingdom had brought its deficit down below the 3% threshold in a credible and sustained manner (down to 2.7% in...