Greece’s budget deficit narrowed in the first two months of the year, the government said today before a European Commission deadline next week to show public finances are improving.This wouldn't happen to be one of the very same Greek governmental bodies which have been manipulating and cooking the economic data for years would it? Funny how deadlines and governmental data seem to merge so effortlessly at just the right time.
The January-February deficit dropped 77 percent to 903 million euros ($1.2 billion) compared with a year earlier, the Athens-based Finance Ministry said in a statement today. Ordinary revenue climbed 7.8 percent to 9.4 billion euros, less than the government’s target, while spending fell 9.6 percent to 8.9 billion euros.
Friday, March 12, 2010
This appears to be reported with a straight face:
Posted by Georges at 18:59