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.
The Greek response to new bailout talks and more fiscal austerity ranged from a Scrooge Christmas card to a larger underground economy.
Coffee will soon cost 20% more in Greece because the terms of a fourth Greek bailout require higher taxes and less government spending.
Because he revised his country’s inaccurate deficit and received Eurostat approval, Greece’s chief statistician might be prosecuted for “breach of faith.”