GOVERNMENT’S debt management plan can render the Eurobond less hostile or non-existent if properly implemented, says former UPND vice president for politics Canisius Banda. Dr Banda said that there was no need for worry as Zambia still had the potential to resuscitate from its current debt position. He was reacting to reports that the Eurobonds were getting devalued with the depreciation of the Kwacha. Dr Banda said that other countries had been highly indebted than Zambia but were able to pull through. “The Italians have been indebted, and have lived beyond their capacity to pay back debt for nearly 30 years, but during this time their country was never referred to as a basket case or said to be facing colonialism. As a matter of fact, it is during this period of unsustainable debt that they successfully hosted and won the FIFA World Cup and in some parts of their country that the life expectancy even improved, “Worth noting is that, since 1988, Italy has recorded a government debt equivalent to over 90 per cent of the country’s gross domestic product (GDP),” he said. Dr Banda reiterated that Zambia’s creditworthiness was far better than that of Italy but wondered why that fact was not newsworthy.