Saturday October 25, 2014 Search
Weather | Athens
19o C
12o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Brussels OKs Greek 2009 deficit figure despite probe

The European Commission said Wednesday that Greece’s fiscal data from 2009 onward have been completely reliable, a day after prosecutors asked for the head of the Hellenic Statistical Authority (ELSTAT), Andreas Georgiou, to face a criminal inquiry over allegations that he inflated the 2009 deficit figure to justify the government’s decision to apply for a bailout.

“Eurostat has been clear that it finds the revision of the Greek public finance data for 2009 by the Greek statistical office, ELSTAT, to be reliable and that the compilation of Greek data followed all the EU rules applicable and which all member states are bound by,” said Emer Traynor, a spokesperson for Commissioner Algirdas Semeta, who is responsible for taxation and customs union, audit and anti-fraud.

The decision to refer Georgiou and two other ELSTAT officials to a special magistrate has caused surprise in Brussels and concern in Greece’s coalition government.

“As a result, Eurostat’s been able to publish the government data on deficit and debt, which has been transmitted by ELSTAT without reservation since November 2010, which was not the case in previous periods,” Traynor added in response to a question from Kathimerini.

“We see this as reflecting the very significant progress that has been made in the quality of public finance data which has been transmitted by Greece as a result of new and strengthened procedures that have been put in place.”

The head of Eurostat, Walter Radermacher wrote to a Greek parliamentary committee in March last year to underline problems with the reliability of the country’s statistics between 2004 and 2010, and to emphasize that the reform of ELSTAT led to the agency gaining independence and greater trustworthiness.

Georgiou’s accuser, ex-ELSTAT official Zoe Georganta, claimed Wednesday in a radio interview that Greece’s deficit figure for 2009 should have been under 4 percent. The last time the Greek public deficit came in below 4 percent was in 2001.

ekathimerini.com , Wednesday Jan 23, 2013 (20:56)  
Samaras pledges action after flash floods in Athens
No court hearings for civil cases
Greece’s lenders seem adamant that gov’t must act on bailout commitments
Future of Attica trash set to become clearer
Nicosia says reforms are bringing results
Economic reforms in Cyprus are starting to yield results, the government said on Saturday after one credit-rating agency upgraded its rating and a second its outlook for the bailed-out count...
TAIPED waits for green light from Eurostat
Eurostat has frozen the securitization of properties that the Hellenic Republic Asset Development Fund (TAIPED) had been planning. The project, drafted to bring some 400 million euros into t...
Inside Business
BASKETBALL
A win is a win is a win for Olympiakos
A bad Olympiakos defeated a worse Laboral Kutxa 63-57 to make it two out of two in the Euroleague on Friday. In a game where the two teams had an overall field goal rate of about one in thre...
SOCCER
Panathinaikos snatches point at Eindhoven
Panathinaikos offered its fans a glimpse of its glorious past in European competitions snatching a draw at PSV Eindhoven, on an otherwise bad night for Greek soccer in the Europa League, as ...
Inside Sports
COMMENTARY
End of reason, end of humanity
The effects of a slew of new and increased taxes introduced since the start of the crisis were first observed in the wages of those still fortunate enough to have jobs, who saw their take-ho...
EDITORIAL
Banks need to step up
What has been leaked so far regarding the results of the stress tests on Greece’s lenders, which are due to be published on Sunday, appears positive. Greece needs a healthy, private banking ...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Nicosia says reforms are bringing results
2. Samaras pledges action after flash floods in Athens
3. No court hearings for civil cases
4. Greece’s lenders seem adamant that gov’t must act on bailout commitments
5. Future of Attica trash set to become clearer
6. Policeman admits to murder of his cousin-in-law
more news
Today
This Week
1. End of reason, end of humanity
2. Banks need to step up
3. Nicosia says reforms are bringing results
4. Samaras pledges action after flash floods in Athens
5. No court hearings for civil cases
6. Greece’s lenders seem adamant that gov’t must act on bailout commitments
Today
This Week
1. The past, present and future of the Greek debt crisis
2. Greece’s closed society is central to its current malaise
3. Greece must stick to reforms, says Schaeuble
4. At least 11 banks to fail European stress tests, three in Greece, report says
5. Cyprus to block Turkey's EU talks after EEZ violation
6. Stop moaning and get in the game
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.