The American Empire in a Changing World


Tuesday, September 25, 2012

''GREEK DEBT: under-reported in 2007, over-reported in 2009, and indeterminate in 2012''

From The Slog

''A couple of days ago, Der Spiegel gave the Greeks something of a hammering by sensationally alleging that the country’s deficit isn’t €12.5bn at all, but in fact €20bn. But from Day One, the real size of the country’s problem has been the subject of wildly differing views.''

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