Friday, September 29, 2006

What I want to know, is how do you gather the data?

David Frum via The American Thinker:

Greece suddenly found itself 25% richer yesterday after a surprise upward revision of its gross domestic product, the fruit of a change to national accounts designed to capture better a fast-growing service sector - including parts of the black economy such as prostitution and money laundering.

The country's newfound wealth raised eyebrows in Brussels, because it means that Greece will find it easier to bring its budget deficit below the European Union's 3 % of GDP ceiling.
I always suspected that those econo desk-jockeys in Brussels were into Greek.

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