Saturday, 27 August 2016


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  • Greece's 2009 deficit makes for a good conspiracy; shame about the numbers


    I believed that the issue of Greece’s 2009 deficit was definitely settled last year when Andreas Georgiou, the former head of ELSTAT, was cleared in court of allegations that he purposefully inflated Greece’s 2009 deficit figures in order to lead the country into the first eurozone and International Monetary Fund-led programme in 2010.
  • Greece's latest GDP figures and what to expect for the rest of the year

    Photo by MacroPolis 16/08/2016

    The flash estimates released by the Hellenic Statistical Authority (ELSTAT) on Friday were a positive surprise, with the seasonally-adjusted (SA) GDP growing by 0.3 percent quarter on quarter (QoQ) in the second quarter (Q2) of 2016, while it contracted by 0.7 percent year on year (YoY).
  • Justice can't be blind to facts in 2009 deficit case


    Under normal circumstances, justice being blind should be welcomed. But this also means it can miss the obvious, which is when the problems begin.