GREEK STATISTICS
January 1st, 2005
BY KEITH NUTHALLTHE EUROPEAN Commission has launched an infringement proceeding against Greece to "prevent (future) incorrect or incomplete data transmission" about its government's public finances. Greece has admitted that it made "errors" in its national statistics, allowing it to remain within the good housekeeping rules governing the Euro. It has now revised 2003 government deficit figures from 1.7% to 4.6%, and composite government debt by 7%. Meanwhile, another report by the European Commission has alleged that Eurozone member Italy has underestimated its ...
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