The Conservative Cave

Current Events => Economics => Topic started by: bijou on November 27, 2011, 04:32:17 PM

Title: Former IMF Employee And Greek Statistics Head Faces Life In Prison
Post by: bijou on November 27, 2011, 04:32:17 PM

Quote

Former IMF Employee And Greek Statistics Head Faces Life In Prison If Found Guilty Of Making Greece Look Uglier



A few months ago we reported that unlike in any other Banana Republic, where the natural bias is to fudge one's numbers higher to make the economy look better and get the stock market to rise, in Greece even the traditional banana metrics are upside down. To wit: "Greek newspaper Eleftherotypia reports that according to a just terminated member of the Greek Statistical Authority, Greece artificially misrepresented its 2009 15.4% deficit number to Eurostat in order to obtain aid from the EU and IMF." Sure enough, two months later even this absolutely bizarre story has been confirmed. The FT reports that "The head of Elstat, Greece’s new independent statistics agency, faces an official criminal investigation for allegedly inflating the scale of the country’s fiscal crisis and acting against the Greek national interest." Not surprisingly, the man who allegedly cooked the books is none other than a 20 year former IMF employee: precisely the kind of guy who knows just what buttons to push to get the US-funded organization to dole out capital. "Andreas Georgiou, who worked at the International Monetary Fund for 20 years, was appointed in 2010 by agreement with the fund and the European Commission to clean up Greek statistics after years of official fudging by the finance ministry." And just because someone needs to be made a scapegoat, if convicted Georgiou may face the same sentence as Madoff: "Mr Georgiou is due to appear before Greece’s prosecutor for financial crime on December 12 to answer the charges. If convicted of “betraying the country’s interests”, he could face life imprisonment."  ...

http://www.zerohedge.com/news/former-imf-employee-and-greek-statistics-head-faces-life-prison-if-found-guilty-making-greece-l

Title: Re: Former IMF Employee And Greek Statistics Head Faces Life In Prison
Post by: JohnnyReb on November 28, 2011, 06:34:24 AM

Hey, what's the problem? He was just angling to steal US taxpayers money ... everybody does it.

Do Greeks in Greece vote democrat?

Title: Re: Former IMF Employee And Greek Statistics Head Faces Life In Prison
Post by: docstew on November 30, 2011, 07:24:47 AM

Quote from: JohnnyReb on November 28, 2011, 06:34:24 AM

Do Greeks in Greece vote democrat?

No, they're at least honest about what they want. They vote Socialist. (the two platforms are pretty similar though)

Title: Re: Former IMF Employee And Greek Statistics Head Faces Life In Prison
Post by: NHSparky on November 30, 2011, 07:58:10 AM

Gotta love the Eurotrash--mass murderers get cut loose, and people who don't pay their taxes/take from the government are hammered.

Title: Re: Former IMF Employee And Greek Statistics Head Faces Life In Prison
Post by: Lacarnut on November 30, 2011, 10:12:45 AM

We need laws like that here then we could prosecute liars like Uncle Ben, Tiny Tim and Obummer. .

Title: Re: Former IMF Employee And Greek Statistics Head Faces Life In Prison
Post by: CG6468 on November 30, 2011, 12:05:23 PM

This is all Greek to me...