[Marxism] Fwd: Coppola Comment: Lies, damned lies, and Greek statistics

Louis Proyect lnp3 at panix.com
Thu Jul 30 05:53:56 MDT 2015

Greece had an extra problem not found in Iceland, Ireland or any other 
crisis-hit EEA countries. In addition to dismal public finances for 
decades there is the even more horrifying saga of deliberate hiding and 
falsifying economic realities by misreporting the Excessive Deficit 
Procedure (EDP) and hiding debt and deficit with off market swaps.*

This is not a case of just fiddling the figures once to get into the 
Euro but a deceit stretching over more than ten years involving not only 
the National Statistical Service of Greece (NSSG) but the Greek Ministry 
of Finance (MoF), the Greek Accounting Office (GAO) and other important 
institutions involved in the compilation of EDP deficit and debt 
statistics – in short, the whole political power base of Greece’s public 


More information about the Marxism mailing list