Saturday 20 November 2010

Truth and Greek facts?

I have previously posted about the PIIGS in Europe and their possible effects on the Euro. Greece has been under constant observation by Eurocrats.
It has now come about that Greece's 2009 budget deficit was worse than previously calculated (by the Greeks), making it the largest in the eurozone.
The country's deficit last year stood at 15.4% of its annual economic output, said Eurocrats. This is higher than the 13.6% figure that was reported, by the Greeks, in April 2010.
Due to the revision, Greece said its 2010 deficit would only be cut to 9.4%, not its earlier target of 7.8%.
If you can believe their figures.

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