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…
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.