EUROSTAT to tighten debt as a percentage of GDP criteria
       |           

Welcome, Guest. Please login or register.
Did you miss your activation email?
April 26, 2024, 04:10:50 PM
News: Election Simulator 2.0 Released. Senate/Gubernatorial maps, proportional electoral votes, and more - Read more

  Talk Elections
  General Politics
  Economics (Moderator: Torie)
  EUROSTAT to tighten debt as a percentage of GDP criteria
« previous next »
Pages: [1]
Author Topic: EUROSTAT to tighten debt as a percentage of GDP criteria  (Read 308 times)
Tender Branson
Mark Warner 08
Atlas Institution
*****
Posts: 58,181
Austria


Political Matrix
E: -6.06, S: -4.84

Show only this user's posts in this thread
« on: June 12, 2013, 11:56:15 AM »

Read it in the Standard newspaper today:

http://derstandard.at/1369363545443/Neue-Rechnung-Staatsschulden-um-15-Milliarden-hoeher

Found no English article yet, but here are the main points:

EUROSTAT, the EU statistics agency, will tighten the debt measurement criterias in the fall, because many countries use "tricks" to keep indebted state government bodies (such as state rail debt, hospital debt etc.) out of the official debt data that is published under Maastricht.

Officially, EUROSTAT says that the massive Greek budget/debt "tricks" to sneak itself into the Eurozone in the early 2000s was the main reason for the stricter criteria.

Of course we all know how the Greeks Statistics Department manipulated the debt and deficit numbers to make them nicer ...

In Austria, the article mentions that an additional 15 Bio. € of debt will be added in the fall or ca. 4.7% of GDP.

The article doesn't mention by how much the debt will increase in other countries.
Logged
Pages: [1]  
« previous next »
Jump to:  


Login with username, password and session length

Terms of Service - DMCA Agent and Policy - Privacy Policy and Cookies

Powered by SMF 1.1.21 | SMF © 2015, Simple Machines

Page created in 0.022 seconds with 12 queries.