06/03/2008 (Agence Europe) - In mid-February, the European Commission presented the Council of Ministers of the EU with a draft regulation to codify (EC) regulation 3605/93 of the Council on 22 November 1993 on the application of the protocol on procedures involving excessive deficits annexed to the treaty setting up the European Community. The new regulation will replace the original regulation and amendments made over time and include them in a single text, which will preserve the entire...