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Greek deficit

Former ELSTAT Chief Andreas Georgiou Opposes Criminal Charges

“I don’t regret it one bit. I’d have done exactly the same again — in a heartbeat,” Andreas Georgiou, former ELSTAT chief said to the Financial Times in an interview published on Saturday, August 14. Georgiou, who has also...

Former Head of ELSTAT Will Face Charges for Allegedly Inflating 2009 Deficit, Supreme Court Says

Greece's Supreme Court on Monday partially revoked a decision to drop charges against Andreas Georgiou, the former head of Greece's independent Statistics Agency ELSTAT, for presenting artificially inflated figures for Greece's deficit in 2009. The court accepted a motion filed...

The 2009 Deficit Was Artificially Inflated, Former ELSTAT Official Tells Greek Parliament

Greece's deficit figures for 2009 and 2010 were deliberately and artificially inflated, and this was at least partly responsible for the imposition of bailouts and austerity programs on the country, a former vice president of the Hellenic Statistical Authority (ELSTAT), Nikos...

Greece's Current Account Deficit Up in Q1

Greece's current account balance showed a 404-million-euro deficit in March, up 316 million compared to the same month last year, the Bank of Greece (BoG) said on Friday. In a monthly report, the central bank attributed this development to a decline...

Greek Revenues Collapse in First Two Months of 2015

The Greek state budget primary surplus recorded a significant drop to just 503 billion euros in the first two months of 2015, compared to a surplus of 1.68 billion euros in the corresponding period last year. Moreover, the state budget...

Greece Reports 2.654 Bln Euros Primary Surplus for Jan-Oct

The Greek government on Tuesday reported a primary surplus of 2.654 billion euros in its state budget in the January-October period this year. In a report on final budget execution data on a revised cash basis for the January-October period,...

Greek Fiscal Deficit at 12.2 pct of GDP in 2013

Greece's fiscal deficit was 12.2 pct of GDP in 2013, while the country's public debt totaled 174.9 pct of total GDP, Eurostat announced on Tuesday. In its revised figures for fiscal deficit and public debt in the EU, Eurostat said...

Greek Deficit Falls, Revenues Too

There's good news and bad news about Greece's crushing economic crisis. The good news is that, thanks to relentless pay cuts, tax hikes and slashed pensions, the primary deficit and debt are down. The bad news is that so...

Greek Trade Deficit Closes to $13 Billion

While most of the numbers in Greece's crushing economic crisis are negative, the country's trade deficit for the first nine months of the year fell 21.6% to 10.05 billion euros ($13 billion) compared to the January-September period last year,...

Greece Revises Up Its 2011 Deficit, Debt Figures

Greece has revised up its budget deficit and debt figures for last year, citing a deeper than expected recession and new data. The national statistical authority said Monday that government overspending in 2011 was 9.4 percent of GDP, compared with...