Weekly Economic News Roundup and the Greek deficit
Taxes and Spending
How an Economic Statistic Created a Crime

When Greek deficit totals were revised by the head of their statistical office, the Greek government said a crime had been committed.

With factions in Greece resisting further austerity, a sovereign debt problem could resurface.
Economic History
Greece Again?

With more austerity resistance to government spending cutbacks, Greece could again be heading for a sovereign debt default and a bailout.

Calculating the GDP involves many decisions and using it can be controversial as in Greece.
Economic History
Why the GDP is Much More Than a Number

Seemingly just a statistic, how we calculate the GDP and how it is used can be controversial and affect the lives of millions of people.

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