4 ms·
2013: http://www.wsj.com/articles/SB10001424052702304549504579320343987313738 http://www.wsj.com/articles/SB100014240527023045495045793203... 2014: http://www.
by natrius 11y ago
2013: http://www.wsj.com/articles/SB10001424052702304549504579320343987313738 http://www.wsj.com/articles/SB100014240527023045495045793203...
2014: http://www.wsj.com/articles/greece-misses-target-on-budget-surplus-1421244654 http://www.wsj.com/articles/greece-misses-target-on-budget-s...
2013 caveat: http://yanisvaroufakis.eu/2014/04/24/greek-statistics-are-back-primary-deficit-presented-as-surplus-with-eurostats-seal-of-approval/ http://yanisvaroufakis.eu/2014/04/24/greek-statistics-are-ba...
- arethuza 11y agoThe second of those articles seems to imply that aid to Greece is a key part of the income in the calculation of "primary surplus" and the third says "Alas, the Greek government’s 2013 primary surplus is a statistical mirage" - not exactly positive messages!
- tptacek 11y agoYou can find WSJ stories suggesting that the 2014 primary surplus is also dubious; under what the WSJ says is a "conventional" definition of primary surplus, not the one tailored to Greece, they apparently ran a deficit of over 8% of GDP in 2014. http://blogs.wsj.com/brussels/2014/04/23/greek-primary-surplus-statistics-troika-edition/ http://blogs.wsj.com/brussels/2014/04/23/greek-primary-surpl... So far, the narrative that Greece was chugging along running a surplus before accounting for debt service does not appear to square with the facts.