ΕΝΤΑΞΕΙ ΤΟ ΚΑΤΑΛΑΒΑΙΝΟΥΜΕ ΝΑ ΤΟ ΠΝΙΓΕΙ Ο ΑΝΤΩΝΑΚΗΣ. Ο ALEXIS ΔΕΝ ΕΧΕΙ ΠΑΡΕΙ ΧΑΜΠΑΡΙ; ΧΕΛΟΟΥ; ΓΚΛΕΤΣΟΣ ΡΕ !
Greece’s Net Debt Is 18% of GDP, Not 175%. What’s Germany’s?
As Greek citizens head for the polls this Sunday, German officials have not missed the chance to remind Greece that it must fulfill its debt obligations. This means adhering to an unprecedented austerity which has depressed the Greek economy. The trouble is that Germany has been overestimating Greece’s debt by failing to follow the International Public Sector Accounting Standards (Ipsas),which measure liabilities and assets over time. Just how much is Greek debt overestimated?
The answer is to be found in www.freegreece.info is astonishing. If you apply Ipsas to calculate Greek debt, the Net Debt is 18%, not 175% of GDP.
What about Germany’s Net Debt under Ipsas? 46% of GDP.
That means that Greece’s debt situation is better than that of Germany’s!
So why doesn’t Germany use Ipsas to calculate the Greek debt? For two reasons, according Professor Soll. First, they don’t apply Ipsas in their own House.“A little-known fact is that the Germans also do not use Ipsas and have notably opaque public finance standards,” he writes.
Second, by steering away from Ipsas, Germany can keep Greece on the leash while conveniently keeping Greek debt off its own books.
ΕΝΤΑΞΕΙ ΤΟ ΚΑΤΑΛΑΒΑΙΝΟΥΜΕ ΝΑ ΤΟ ΠΝΙΓΕΙ Ο ΑΝΤΩΝΑΚΗΣ. Ο ALEXIS ΔΕΝ ΕΧΕΙ ΠΑΡΕΙ ΧΑΜΠΑΡΙ; ΧΕΛΟΟΥ;