Greece had an extra problem not found in Iceland, Ireland or any other crisis-hit EEA countries. In addition to dismal public finances for decades there is the even more horrifying saga of deliberate hiding and falsifying economic realities by misreporting the Excessive Deficit Procedure (EDP) and hiding debt and deficit with off market swaps.*
This is not a case of just fiddling the figures once to get into the Euro but a deceit stretching over more than ten years involving not only the National Statistical Service of Greece (NSSG) but the Greek Ministry of Finance (MoF), the Greek Accounting Office (GAO) and other important institutions involved in the compilation of EDP deficit and debt statistics – in short, the whole political power base of Greece’s public economy. full: http://coppolacomment.blogspot.co.uk/2015/07/lies-damned-lies-and-greek-statistics.html _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
