EU to take court action over budget rules

The European Union's head office decided on Tuesday 13 January to take finance ministers to court for letting Germany and France off the hook for violating euro budget rules. An EU spokesman said the move to vary the rules "was not the appropriate procedure".

It represents an unprecedented challenge despite warnings about the political and economic fallout for the 15-nation bloc.

"This challenge concerns purely and only procedural aspects of the decision," said Commission spokesman Gerassimos T