Brussels, 07/05/2008 (Agence Europe) - The European Commission has, as expected, recommended that the Council abrogates the excessive deficit procedure against four of the six countries still affected by the Stability and Growth Pact (SGP) mechanism. Italy, Portugal, the Czech Republic and Slovakia have, the Commission says, corrected the excessive deficit situation in their public finances in a credible and sustainable manner. Their deficit fell below 3% in 2007 and, according to the recent...