Getting Real About Greece: It's The Figures, Stupid!
The Huffington Post
This month the Greek supreme court has allowed public prosecutors to bring the former president of the Hellenic Statistical Authority (ELSTAT), Andreas Georgiou, to court to face charges of damaging the national interest for a second time - he was acquitted at the first attempt. Given his former position, you would imagine that Georgiou's crime would involve falsifying national economic data in order to cover up tax shenanigans or to fool the markets into thinking that the Greek economy was healthier than it was. Georgiou's crime was that back in 2009, he strictly applied globally accepted international rules in reporting the Greek government's budget deficit, which had the effect of increasing it by just under 3% to a whopping 15% of GDP. ...
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