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Greece Caught Lying AGAIN As Debt And Deficit Figures To "Shoot Up" Post Audit
And the pathological lies of Greece continue to be exposed (not surprisingly, this is occurring after G-Pap the elder repeated about 1,000 times that Greece is not insolvent both before it was bailed out, as well as after, as if he is dealing with a psychiatric ward of clinical idiots). According to AFP, "increased figures for Greek national debt and deficits covering
contested data from 2006 to 2009 will be published this month, the EU
said on Wednesday after conducting its first invasive audit." Which means that Greece has been lying all along, and not just into its May bankruptcy, but after it as well. At what point will the people of Germany finally rebel and say enough with this endless bailout and even more endless subsidization of liars?
"The Greek deficit and debt figures will be revised upwards, the figures will be bigger," said Amadeu Altafaj Tardio, the spokesman for the bloc's economic affairs commissioner Olli Rehn.
After the EU in April slammed dodgy data provided by Greece's previous right-wing government, the EU's data agency Eurostat secured beefed-up powers to launch on-site inspections of countries' books.
"Several investigations" have now taken place in Greece since these new powers entered into force on August 19, but "after the latest visit, it was evident that some areas of uncertainty remain."
He added that Rehn was reinforcing resources on the ground in Greece so as to leave "no stone unturned" in the "urgent task" of discovering the true extent of Greek debt.
As Europe moves towards new forms of cross-border economic governance in a bid to better compete with global rivals, the lead balloon of debt is a "heavy burden" for future generations that threatens to hold back all of Europe, the spokesman also implied.
What is the point to even comment on this terminal Keynesian petrification in which lying and crimes in broad daylight are encouraged by the respective governments.
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I'm sure no other country has been doing that.....
I can hear ol' Gertrude now, "There was no there there."
Yep, only the Greeks.
And to be honest, I would only be choqued if they would have told the truth.
What a f---ing joke!
"World Class Economists, Bitchez!"
By the way your post said; "...terminal Keynesian petrification...".
That should read "terminal Keynesian putrification" or "terminal Keynesian pervication"
or putrification?
My money's on prevarication!
I don't understand ALL of this 5 perverse complex words, but I'm still trying to became World Class Expert in Ponzicomix !
Ouch - that <might> leave a mark.
Leo, wanna take that Greek default in 12-months bet?
Leo can't talk right now; he is lying on a Greek beach enjoying some 'tasty waves', buying more Chinese solars, all paid for by German taxpayers.
Leo K = Jeff Spicoli
-
Leo K nation says 'what, me worry? You Germans are harshing my mellow'.
- -
I've heard the BLS is hiring.
As a Greek ..... what can I say
shameful
Sucked down with the democracy ship piloted by morons.
Always loved Churchill's observation, that the best argument against democracy was a 5-minute conversation with the average voter.
That, and H.L. Mencken: "Democracy is the theory the people fully deserve to get what they want... And GOOD AND HARD!"
Forgotten (or deliberately ignored) by those always touting "democracy this" and "democracy that" in the U.S. and all over is the essence of Liberty. So, we all sink with ships piloted by MORONS.
As an spanish, I can tell you guys are probably not the only ones cheating the statistics. Its just tha they have not catched us yet.
pass the moldy feta please...
Bey Bey"s Bitchez!
...hmmm, no mention of Goldman Sachs. Yet.
Lets see, the Euro rises up to almost $1.40, and this release comes out. I think something is stinking in Frankfurt (ECB), not in Athens...
Ah, so vewy vewy nice, as dees give more debt to us China folk to buy!
At least Zero Hedge tells the truth, Thank you Tyler for your hard work...
Actually ....
I do have something to say:
This shit is high treason. Only in today's pompous, detached society do we ignore such ... heavy, uncomfortable subjects.
EXECUTE THEM
all of them
But that would imply voters executing themselves, for they are the ones who always fall for the idea of noble centralized power. "If only my people are in charge, everything will be better." So they refuse to dismantal the power structure, failing to learn once again the old addage about power corrupting, and always.
Of course, many are also with their hand frimly in the trough. Actually, the better analgoy is the Monkey Trap. Put a piece of fruit in a box with a hole big enough for the monkey's hand to go through and grab the fruit, but not big enough for the fist holding the fruit to exit. People are about to be crushed, and they know it, but nobody will let go of their piece of the fruit.
And so in modern democracy / theftocracy / kleptocracy, we are all chained to those morons -- who will grasp at and attempt to confiscate whatever it is we have prudently prepared to protect ourselves from their stupidity.
It's all coming down to: Om Namo Bhagavate Vasudevaya
Kill'em all in one swoop. Let God sort'em out.
The politicians folks! NOT the Greeks.... I AM Greek you idiots! :)
The Politicians folks! NOT the Greeks!
I **AM** Greek you idiots! :)
And the pathological lies of [fill in your favorite country, financial insitution, or politician here] continue to be exposed...
"We are well capitalized."
If only lies were currency... oh wait!
haha, very good. :-)
It's good to know the US treasury never lies
"I'm shocked, shocked to find there's more debt than has been publicly disclosed!"
"Round up the usual suspects."
. Beat me to it bunker
Tyler, are you sure you're not talking about Congress in America? Just checking.
Not enough to bring some sense back into the Euro though, next stop 50% major fib retracement, downgrades and all.
Shoot these bastards, or sue them.
This what they mean by "Culture of Corruption".
Sometimes you just have to shoot the dog.
any country that produces the "Greek salad" can't be all bad. And if you have not had a real Greek salad on the Peloponnese peninsula it is something you must do before you die. Of course, that would have been a lot easier before Banana Ben debased the USD rendering only the Gulf of Mexico as an affordable vacation spot for 85% of all Americans
Like Zorba said "Dance Greeks" and the faster you dance the more you,ll owe.Who is going to be the first nation to say enough is enough,we ain,t gonna pay ....................... Endgame cometh .............Gold and Silver going ballistic again ........... nuff said.
Aren't we all currently being invasively audited? And not for the first time either. Thank God for K-Y Jelly and heavy medication.
I think they're talking about a little "Financial proctology".
The pen wasn't that bad, but the legal pad caused some discomfort.
Geez... lol..
LOL........And for the love of God I can't stop laughing. :>)
Once again RockyRacoon proves to the world why I always stop to read his comments.
BTW was it the 8 1/2" or the 14" side that caused the discomfort? Or did it matter?
Legal Pad Bitchez......lol sorry I just had to say it. I'm with you CD, I'm crying I'm laughing so hard!
Nice picture, lubed legal pad an all.. LOL
Who said anything about lube? Not RR. :>)
Ain't imagery a bitch?
Tough, but NBG is still up 7% today :)
Ooops, 8% now.
sold!
when you hear the phrase "new normal" think governments, financial institutions and "leaders" that lie constantly
The budget data have been sprayed with Windex. So everything was rosy for them...
I'm sorry but "G-Pap the elder"? Is this some sort of ZH in-joke that I don't get?
Because he definitely is not G-Pap the elder. That would be his grandpa, also
a Greek Prime Minister. The current G-Pap is simply carrying forward Greece's
grand tradition of dynasty politics.
The piece per se is a bit hysterical for my taste. We have no idea what the
extent of the revisions would be like. They could be substantial, or they could
be trivial. At this point, I don't know, and I would suspect, neither do you.
Are you implying that TD has delivered a Pap smear?
It really isn't much of a smear, just a little fleck here and there. As I said, agree with the general sentiment, but I would have toned down the rhetoric. As it stands, it looks like something cribbed from one of Der Spiegel's cringeworthy pieces on Greece.
Let's see. You've been registered here on ZH for 1 year and 10 weeks. Wow! That makes you one of the oldest commentators here on ZH. Congratulations.
And yet this is your first and only post? Something stinks in the anthill anthead.
Strange, innit? I registered initially because some posts were only available to
those who registered. I'm not much of a commenter - more of a lurker/reader.
I've been a regular reader for all of the time that I've been registered. But
seriously now, am I really one of the oldest registered commenters? I always
forget that ZH hasn't really been around that long.
But why is this at all relevant? A simple Google search would tell you that
what I said is factually correct. Also, I'm not denying that the Greek govt.
may have been cooking up books - simply putting in the caveat that the
extent of the discrepancy is not yet known.
What shocks me is that the EU (Fascist Superstate) is shocked that Greece has lied,this from an organisation whoose accounts haven,t been signed off for 14 years because they are fraudulent.What is the difference between "Fraudulent" and "Lying".Or is it Fraudulent when you are not accountable to anyone.
What is the difference between "Fraudulent" and "Lying".
Political Relativism @ Work: What is "Right" or "Wrong" depends only on Who is doing the deed, not on What is actually said or done!
So the EUSSR is lying and defrauding - this is Good because it si for the Greater Good; for anyone else - except banks and muslims, those most favoured minorities - lying/fraud are Bad and Evil. Piss-easy. Just consume the proper progressive mainstream media and you too will know what to think (in public).
I know what to think in public and its the same in private.Soon see a change when the black stuff runs out.
Lying is a bit harsh. They only ever wrote most of this shit on cocktail napkins to begin with.
My big fat Greek Deficit!
If they had only bought solars on the dips, poor little guys would a made it, sniff...
Sorry Leo, but that right there is funny or at least mildly amusing.
I wish Eurostat would come over here and audit our books - just let me know a week in advance so I can get leveraged short on Treasuries.
Oh, was I supposed to count THAT loan too? Really?, I thought you meant the stuff maturing in the next week.....you know, not the long term "due next year" stuff!
The people of Germany are quite happy at the moment with the export sector roaring and unemployment on a multi-year low.
So why should anyone be too upset about some faked numbers? The vast majority of germans doesnt care about economics anyhow, its not considered to be an adequate topic of small talk.
After all, people got used to the fact that a lot of international haggling was solved by cheque-book diplomacy in the past. It turned out to be sucessfull, and if it might fail this time, who the hell cares in advance?
"A thousand nations of the European empire descend upon you ... Their bullshit shall blot out the sun!"
Good, then we can default in the shade! :>D
who believes Federal Reserve Chairman Ben Bernanke and Treasury Secretary Timothy Geithner aren't lying? Stop worrying about the basket case piigs and start a petition - 'FIRE B & G'
SIGN HERE:
Joseph R Brennan
"Beware of Greeks bearing strange gifts" -- anonymous
Beware of Greeks bearing any kind of gifts!
In fact, beware of Greeks bearing anything at all.
Screw it ... Beware of Greeks, period.
Greece lightning! Go Greece lightning!!!
Now all the rating agencies including the IMF will be even more pleased and amazed by the progress made so far and the reduction of the debt and the deficit from such extreme heights.
Or .. maybe it's just another trick to cover the eventual target miss..
(They didn't make it in euro terms but they did it in percentage terms).
Greece you are so beautiful!!!
The Greeks are a lot less brupt than the U.S. but they are just not smart enough to print their own dough!!
Somebody told me there is no word for "lying" in the government dialect of the Greek language.
Germany's not doing it to bail out and subsidise liars, it's doing it to bail out and subsidise its own banks! Oh, wait. Never mind.
A point worth hammering away! Also, ALL countries lie about their debt and deficits! Big deal!
I'm not sure that's policy you want to be promoting Leo...
And I wonder what would be found with an invasive audit of the Fed...
DavidC
More than a few unused legal pads. They are above the law so no other use for them...
Launch Codes...
A Greek invasive audit.
World bank has had a few of those.
http://www.mahalo.com/world-bank-hacked
I knew that their debt was going to be alot higher than what was made public. They keep lying and lying and eventually as one poster said Germany will say thats it and off they go. Greece is going to default and so will Ireland and then Portugal followed by Spain and Italy will be next, thats what I see happening in 12 months. Greece will default before Christmas, thats just my take.
As if the USSA doesn't lie, cheat, steal and massively manipulate every single one of its "official" economic statistics.
Nobody wants a strong euro
Everybody wants to win the currency debasement tournement.
Greeks and Germans play on the same side of the table. Only deep in night Germans' sleep is disturbed by Weimar nightmares.