Wednesday, September 21, 2011

The Greeks Know a Sucker When They See One

Greece Purposefully Inflated Its Deficit Numbers To Get EU/IMF Assistance

Per professor Zoe Georgantas "The deficit was artificially inflated in 2009 to show that the country had the largest deficit across Europe, including that of Ireland was 14% in order to justify all these severe measures against the country. And we presented in the Eurostat 15,4%." While there appears to be a substantial political back story here, and we would be careful at taking these claims at face value, the last thing Europe needs is for its people to realize that they have been duped
The old fashioned way to live the good life off of the work of others, is to earn the pity of those who don't.