Greece falsifying financial data – Next meltdown?
In the same conversation as the Dubai meltdown, Greece has been mentioned by many as the economy on the least stable footing. However, Greece does not have a family member willing to pony up billions to keep things in tact. It appears that much of their hope lies with the IMF. However, the IMF might not have the financial wherewithal to do so.
The idea that they might be in trouble is one thing, the fact that they are falsifying data is an entirely different deal.
In a damning report published as the eurozone grapples with its worst financial crisis since the euro’s launch in 1999, the Commission said figures from Greece’s were so unreliable that its budget deficit and public debt might be even higher thangovernment had claimed last October.
FT.com / Europe – Greece condemned for falsifying data.
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