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

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

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

I have to be rude about this: people like Dombret have to stop talking uninformed nonsense – where did this quy get an education in economics. Bbut, of course, the Dombret newspeak suddenly starts to make sense when we realize that Spain has a conservative government, which tries to dismantle democracy… and we understand it as politics, not economics.

  1. Aadil Ahmad
    April 10, 2015 at 11:29 am

    What is the work of Bankers. They care about their pennies. They devise policies to extract as much as they can, no matter even the exploited is poor. We must give them respect by relieving their overloaded burden.

  2. April 10, 2015 at 5:41 pm

    Reblogged this on iGlinavos.

  1. No trackbacks yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s