An interesting Greek question

Ahead of the meeting, fresh data released by the EU’s Eurostat statistics agency showed that Greece’s public spending last year, not counting the heavy cost of borrowing, delivered a surplus of 0.7pc of GDP.

Well.

Sorta depends on whether they’re counting that on a cash basis or an accruals one really.

2 thoughts on “An interesting Greek question”

  1. So Much For Subtlety

    Why would anyone believe the Greek government’s figures? If they are in surplus, it is time to default. Go on, I dare them, I double dare them.

    If they don’t need more cash from the Germans why are they paying off the previous lot of money they “borrowed” from them?

  2. “If they don’t need more cash from the Germans why are they paying off the previous lot of money”

    Due to Greece’s high number of volcanic islands there is a relatively high proportion of super villains in the Greek population. Many of the evil plots require access to the world financial system. The villains have infiltrated the Greek government to divert funds to their nefarious projects. Since the super villains won’t do anything that isn’t in their interest the non-villain portion of the Greek population will pay and be placated with platitudes.

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