Greece has brought criminal charges against the official responsible for measuring the country’s debt, thereby calling into question the validity of its 172 billion euros second bailout by the EU and International Monetary Fund.
Andreas Georgiou, head of the independent statistical agency Elstat, and two senior officials are accused of undermining the country’s “national interests” by inflating the 2009 budget deficit figure used as the benchmark for successive austerity packages.
The three statistical experts face criminal charges of making false statements and corrupt practices, a judicial official said, adding that if found guilty they could serve prison terms of five to 10 years. They have denied any wrongdoing.
via CNBC
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Alfonso Esparza
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
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