Germany’s Dombret did not bother to check the statistics about Greece

Real-World Economics Review Blog

And another German economist did not bother to check the data. According to Ekhatimerini,

Additional Eurozone assistance to indebted Greece is dependent on Athens improving the state of its finances, German central bank executive Andreas Dombret said in Johannesburg on Friday. “Further assistance can only be granted to Greece if it applies sound public finances.

According to the facts (Eurostat, four quarter rolling average), the Greek government deficit is not only much smaller than the Spanish deficit but also smaller than the Dutch deficit. And the decline of the Greek deficit was 1,5 times as large as the Spanish and the Dutch decline combined…

Greek

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