March 4, 2019
Although the bailout of the Greek economy just ended, doubts remain about their ability to sustain their long-term debt obligations.
Although the bailout of the Greek economy just ended, doubts remain about their ability to sustain their long-term debt obligations.
As Greek bailout talks continue, European monetary officials are also concerned that a Greek statistician could receive a life sentence for reporting accurate macroeconomic statistics.
When Greek deficit totals were revised by the head of their statistical office, the Greek government said a crime had been committed.
Because he revised his country's inaccurate deficit and received Eurostat approval, Greece's chief statistician might be prosecuted for "breach of faith."
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.