As the international market continues to await feedback from the European Union's statistics agency, Eurostat, regarding how it will treat government-related securitized debt issues, two of the leading players in that arena, Greece and Italy, have already voiced what initial measures they plan to take in anticipation of the decision.

Italy said last month that it will move ahead with its planned EURO4 billion real estate securitization, adding that it has communicated information regarding the structure to Eurostat. Greece, however, last week publicly withdrew any further plans to securitize until the Eurostat verdict is reached.

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