While Eurostat is back at the drawing board for government related deals that could lead to a change in data reporting for some member states, new transactions continue to come to market. The two tax package securitizations that already form part of the October (see ASR 10/10/05) new issues pipeline may be joined by a new Greek tax deal that could emerge by the end of the year.

A Eurostat spokesman said that it had not reached any conclusions, nor was Eurostat prepared to comment on what preliminary stance it planned to take on the more recent spate of deals. "Eurostat is currently preparing a committee on monetary, financial and balance of payment statistics consultation on this issue," the spokesman said. "After the consultation we will issue more detailed guidelines [but] until then we can make no further comment."

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