This Regulation shall enter into force on the day of its publication in the Official Journal of the European Union .

This Regulation shall be binding in its entirety and directly applicable in all Member States.

Done at Luxembourg, 22 October 2007.

For the Council

The President

J. SILVA

( 1 ) Opinion of 13 March 2007 (not yet published in the Official Journal).

( 2 ) OJ C 8, 12.1.2007, p. 3 .

( 3 ) OJ L 244, 29.9.2000, p. 27 .

( 4 ) OJ C 172, 18.6.1999, p. 1 .

( 5 ) OJ C 139, 14.6.2006, p. 1 .

( 6 ) OJ L 209, 11.8.2005, p. 1 . Regulation as last amended by Regulation (EC) No 378/2007 ( OJ L 95, 5.4.2007, p. 1 ).

( 7 ) OJ L 248, 16.9.2002, p. 1 . Regulation as last amended by Regulation (EC, Euratom) No 1995/2006 ( OJ L 390, 30.12.2006, p. 1 ).

COUNCIL REGULATION (EC) No 1248/2007 of 22 October 2007 repealing Regulation (EC) No 2040/2000 on budgetary discipline