Brussels, 24/01/2005 (Agence Europe) - In most EU Member States, central government debt is more than 80% of total government debt and securities are the most used instrument for financing it. Such are the characteristics pointed out in a Eurostat study on government debt structuring in the EU in 2003.
The global level of government debt has overshot the Stability and Growth Pact ceiling of 60% because the Community average stands at 63.3% of GDP. It is relatively low in Member States that...