18/02/2008 (Agence Europe) - On Wednesday 13 February, the European Commission presented, to the Council, a proposal for a regulation to codify arrangements on the application of the protocol on the excessive debt procedure annexed to the Treaty establishing the European Community [Council regulation (EC) n° 3605/93 of 22 November 1993]. The new regulation will supersede the initial directive and the various amendments to it over the years. The content of the acts will be fully preserved,...