Friday, 8 January 2010

RELAX, IT'S NOT 400

While I am usually quite strict in reporting the less rosy statistics on the Greek economy, recent statistics being tossed about that suggest the country's external debt has risen to EUR400bn are a little too aggregated for my liking.

The source of this data is the Bank of Greece, and the detailed statistics can be found here.

Gross external debt is, indeed 400bn. But that includes a lot of things that are not public sector liabilities. Read this, note the graph on general government debt below and make up your own mind.  Hint: look out for election periods.

No comments:

Post a Comment

Please remember that I am not notified of any comments and will not respond via comments.

Try to keep your criticism constructive and if you don't like something, do tell me how to fix it. If I use any of your suggestions, you will be duly credited.

Although I'm happy to entertain criticism of myself in the comments section, I will not tolerate hate speech. You will be given a written warning and after that I will delete further offending comments.

I will also delete any comments that are clearly randomly generated by third parties for their own promotion.

Occasionally, your comments may land in the spam box, which may cause them to appear with a slight delay as I have to approve them myself.

Thanks in advance for your kind words... and your trolling, if you are so inclined.