Eurozone: Sovereign debt decreases for the first time since 2007

During the third quarter of 2013 euro area government debt decreased in absolute terms for the first time since the end of 2007. According to Eurostat, the EU statistical service, at the of the third quarter of 2013, the government debt to GDP ratio in the euro area also decreased to 92.7%, compared with 93.4% […]

Commission tries to solidify the EU statistical system

The Greek ‘tragedy’ that became the script of the first chapter of Eurozone’s story of sovereign debt crisis, had in its forefront the fraudulent use of statistics. It suffices to remind that the 2009 Greek state budget was voted in parliament in December 2008 with a headline deficit of 2.8% of the GDP, only to […]