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Europe Daily Bulletin No. 8376

11 January 2003
Contents Publication in full By article 25 / 29
GENERAL NEWS / (eu) eu/italy
Eurostat expected to approve debt exchange planned by Italian treasury

Brussels, 10/01/2003 (Agence Europe) - According to sources at the EU Statistical Office quoted by Reuters, Eurostat is about to approve Italy's debt exchange plan that it hopes to use for reducing the level of its public debt, which is estimated to be around 109% of GDP, the highest in the Union. Eurostat's approval will be the last stage in the Italian Treasury's attempt to swap EUR 39.4 billion in government bonds for EUR 15.4 billion in these same bonds but which give higher rates of...

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