Tuesday, July 22, 2014





Greek statistics head faces charges over revision


February 20. 2013 3:08AM
Story Tools
PrintPrint | E-MailEMail | SaveSave | Hear Generate QR Code QR
Send to Kindle


(AP) Greek prosecutors are recommending charges be brought against the head of the statistics agency and two other employees for allegedly inflating the country's 2009 deficit.


The accusation stems from a 2010 revision which showed the deficit at 15.4 percent of the country's annual gross domestic product instead of 13.6 percent.


The revision suggested Greece's financial predicament was worse than had been thought. Greece received an international bailout in May 2010, but opposition was mounting against the spending cuts and tax increases demanded by creditors.


In 2011, a former statistics agency board member alleged the figure had been inflated to justify the austerity. Officials denied the allegation and said the revisions had been done according to European guidelines.


The charges carry a maximum sentence of life in prison.


Associated Press


Comments
comments powered by Disqus Commenting Guidelines
Poll
Mortgage Minute


Search for New & Used Cars

Make 
Model
 
Used New All
 

Search Times Leader Classifieds to find just the home you want!

Search Times Leader Classifieds to find just what you need!

Search Pet Classifieds
Dogs Cats Other Animals



Social Media/RSS
Times Leader on Twitter
Times Leader on Youtube
Times Leader on Google+
The Times Leader on Tumblr
The Times Leader on Pinterest
Times Leader RSS Feeds