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.

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