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Europe Daily Bulletin No. 8873

25 January 2005
Contents Publication in full By article 21 / 39
GENERAL NEWS / (eu) eu/budget
IN MOST EU MEMBER STATES, CENTRAL GOVERNMENT DEBT ACCOUNTS FOR MORE THAN 80% OF TOTAL CONSOLIDATED DEBT - NEW MEMBER STATES OVERSHOOT 60% CEILING

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...

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