Greece Statistical system as bad as India’s

Eurointelligence daily edition of 10 Nov 2009 has this interesting titbit:

EU  finance ministers outraged about Greece

FT Deutschland has an article about the sheer sense of outrage felt, and expressed, by EU finance ministers about the situation in Greece, where the new government suddenly revised upwards the deficit projections from 6 to 12%, citing statistical discrepancies. The EU has lost confidence in Greek statistics, and is now demanding, as a first step, the independence of the country’s statistics bureau. The finance ministers have also commissioned a study on the quality of statistics in the country.

🙂 Nice to know India has company. And that too a developed economy at that. For a flavor of Indian statistical system, One should read RBI Governor’s speech.

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