Brussels, 24/03/2009 (Agence Europe) - On Tuesday 24 March, the European Commission formally noted the existence of excessive deficits in France, Greece, Ireland and Spain (Article 104§5 and 6 of the Treaty). With a deficit ratio compared to GDP exceeding 3% in 2008 (EUROPE 9843), these four countries are therefore prescribed (variable) delays for returning below the reference threshold of the Stability and Growth Pact (SGP) (Article 104§7). For the United Kingdom, which has already been...