Brussels, 05/11/2001 (Agence Europe) - Resorting to the use of "swaps" (contractual contracts between two parties for exchanging financial risks) to reduce budgetary deficit is legitimate in the EU, it was declared on Monday by the spokesperson for Commissioner Pedro Solbes. He was speaking at a somewhat reassuring explanatory session on information relayed the same day by The Financial Times whereby Italy took advantage of this kind of financial transaction to be able to hide the real...