WiBlatt: Bulgaria Asks EU to Change Debt Definition

WiBlatt: Bulgaria Asks EU to Change Debt Definition

Bulgaria, Poland, Sweden and six other countries have sent the European Union a letter asking for a change in the way country debt is calculated, Wirtschaftsblatt reported, without saying where it obtained the information.

The letter, addressed to the European Commission and European Union President Herman van Rompuy, was signed by the finance ministers of the countries, which also include Hungary, the Czech Republic, Romania, Slovakia, Lithuania and Latvia, the Vienna-based newspaper said, as cited by Bloomberg agency.

The proposed recalculations relate to grants to private pension systems, Wirtschaftsblatt said. The letter was initiated by Poland and Hungary, according to the report.

A spokesman for EU Economic and Monetary Affairs Commissioner Olli Rehn confirmed receiving the letter, the paper said.

An answer is due in "a few weeks," the unidentified spokesman was cited as saying.

Previous Next
Test Caption
Test Description goes like this
Cookies Preferences
Choose Type of Cookies You Accept Using

These cookies are required for the website to run and cannot be switched off. Such cookie are only set in response to actions made by you such as language, currency, login session, privacy preferences. You can set your browser to block these cookies but our site may not work then.

These cookies allow us to measure visitors traffic and see traffic sources by collecting information in data sets. They also help us understand which products and actions are more popular than others.

These cookies are usually set by our marketing and advertising partners. They may be used by them to build a profile of your interest and later show you relevant ads. If you do not allow these cookies you will not experience targeted ads for your interests.