GREECE STUMBLES TOWARDS ACCOUNTING REFORM IN WAKE OF FINANCIAL CRISIS
May 1st, 2010
BY MAKKI MARSEILLES and KEITH NUTHALL
IT can only be hoped that the Euro 750 billion financial package announced by the European Union (EU) this weekend prevents Greece's debt crisis affecting other EU member states.
If it does, then some breathing space will be bought to examine the weaknesses in the single currency - and clearly one of those is the provision of financial data by Eurozone member governments.
The weakness (even falsification) of Greek financial data made this crisis worse, and not because Brussels financial issues had no doubts about these ...
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