By Constantin Gurdgiev. Ever since October 2009 when the Greek Government finally faced up to bond-market pressures and admitted that its predecessor has falsified the national accounts, the euro area has been unable to shake off a sovereign-debt crisis. When the dust finally settled on revisions, the Greek debt-to-GDP ratio shot up from 98 percent […]
GNP (and GDP) growth figures need to be reduced to allow for vulture property funds and contract pricing; and to reflect the weird lack of growth on the streets