Former IMF Employee And Greek Statistics Head Faces Life In Prison If Found Guilty Of Making Greece Look Uglier

Tyler Durden's picture

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Temporalist's picture

"Don't blame the mirror because you are ugly" - Kyle Bass

Michael's picture

So we should throw President Clinton in jail for doing the same right?

"Why the Method for Figuring the Unemployment Rate Was Changed
Bill Clinton was interested in legacies early on in his presidency. By changing the official unemployment formula to sweep away the so called discouraged workers, he attained a record low unemployment level not seen in decades. The reason for his changing the official unemployment calculation formula had a lot to do with “the economy stupid,” as he was fond of saying. He wanted the numbers to look better than they actually were."

Long-John-Silver's picture

I knew when they instituted New Math when I was in elementary school it's intended purpose was never what my Government Paid Teacher said it was for.


TrulyBelieving's picture

Not defending Clinton, but recalculating the unemployment rate(for whatever reason) is not the same as intentionally falsifying ledger sheets, which is obviously a crime.

Iwanttoknow's picture

Michael,its ok when our Prez does it,not the pesky greeks.

Michael's picture

I don't see how this could be seen by intelligent people as anything except sheeple being fucked up the ass by the POTUS.

AngryGerman's picture

* UPDATE: Georgiou to commence new position as Chief European Economist at Goldman Sachs

* Georgiou says happy he could serve his country and Europe

* Georgiou says looking forward to raping European taxpayers one-by-one,  as part of his new position at GS

stopcpdotcom's picture

Greece is now effectively a province of the EU, run by an EU satrap.

Mae Kadoodie's picture

Statisics and Greece in the same sentence are an oxymoron.

DeadFred's picture

I'm sure they'll find it was all caused by a rogue Nigerian statistician.

wee-weed up's picture

There are no statisticians in Nigeria - only barristers.


Should have put more lipstick on that pig. 

holdbuysell's picture

Tempest in a teapot. It doesn't change the fact that Europe is bankrupt.

apberusdisvet's picture

How about all the politicians and technocrats who have effectively ceded their nation's sovereignty to the criminals? A pencil-pusher, even one at a high level, is chump change.

Smithovsky's picture

Too bad he was working for the Greek Statistical Authority and not for the squid - instead of a prison sentence he'd have received a huge bonus.  

nmewn's picture

Beware of Greeks bearing stats.

gdogus erectus's picture

Wait - you can put a plus sign on the data and be a hero but put a minus sign on it and BAM.  Life.  Seems reasonable.  Carry on.  PS:  I hope to God this does not mean my crappy socialist LEAP Newsletter was correct in claiming that all this talk of Europe collapsing is nothing more than a distraction to the problems here in the US.  Those morons don't realize that this is all a scripted takedown and someone decided that Europe goes first.

JustObserving's picture

Would like to see Tim Geithner get life in prison for fudging US statistics for years.  He will probably get the Presidential Medal of Freedom

Hober Mallow's picture

The ones that should go to jail are all the pensioners below the age of 65.

MS7's picture

IMF employees get pensions at age 50.

Caviar Emptor's picture

I am being prosecuted for not cooking the books,” 

From now on all economic data will be calculated and released by the Ministry of Secret Police. We must always remember that we are living in a Utopian State. 

chump666's picture

C'mon Germany get off your a-holes and finally kick that ridicules Greek economy out of the EU


Stormdancer's picture

Just another chapter in the story read here first in early 2010.  You know the one...Goldman, Greek finance officialdom and Titlos, PLC.   Back when all those Goldmanites and Greek traitors went to jail for setting up a complex bunch of off balance sheet currency swaps to hide the true level of Greek indebtedness.  Oh...wait...

To paraphrase a poster from above:

"Greece is now effectively a province of the EU, rammed by an EU strap-on."

stopcpdotcom's picture

"Greece is now effectively a province of the EU, rammed by an EU strap-on."


I am Jobe's picture

Very Kinky. I wonder if the Greeks might feel the same way

Smithovsky's picture

Greece was the cradle of Western civilization and they seem intent on becoming the coffin as well.  

I am Jobe's picture

I wonder if the FEDS will be admitting to this as well. Interesting. How about Hari Kari for these bastards.

Milestones's picture

Hari Kari was as I recall was an act of extreme contrition by those who used it. I'd settle for a taste of what Joan of Arc got.     Milestones 

FranSix's picture

'Every many' for himselve.  Just as I thoughmt.

Absalon's picture

If a bank helps a borrower structure a transaction so that the borrower's financial statements are materially misleading and the bank knows that is the intended purpose of the transaction the banker is (in my humble view) an accessory to a crime and should go to prison. 

If the rules permit such transactions then shame on the rule makers and shame on the banker and the borrower for gaming the rules.

Milestones's picture

The act of deception is at the very heart of the act of fraud and in most states it is a felony. Shh--don't let D.A.'s know that. Any D.A. who does not prosecute these acts can and should be disbarred along with all attorny's who do so.      Milestones

SilverIsKing's picture

This guy will walk or have an accident.

Lord Welligton's picture

Unfortunately, in Greece statistics is a combat sport.

Says it all really.


bob_dabolina's picture

The IMF is arguably the most important organization regarding global stability. I shudder to think where the world would be without this organization

bob_dabolina's picture

Bro, read the comment again. Nothing I said was IMF positive. 

The IMF is arguably the most important organization regarding global stability (in that it increases instability) 

I shudder to think about how prosperous the world would be without it. 

People jump to conclusions so quickly, stop being so ignorant and take a minute to think about something you read before gunning at the hip with meaningless ad hominem attacks. 

SilverIsKing's picture

The issue with what you wrote has to do with the fact that you "shudder to think". By saying that, you are implying that you feel the world would be worse off without the IMF.

Absalon's picture

Stop trying to be clever or arch or sarcastic.  You should have just said what you meant in the first place.

bob_dabolina's picture

I did.

Next time I'll use crayons.

Absalon's picture

People don't want to spend a bunch of time trying to decipher what you really mean. 

Milestones's picture

You baited your original statement based on your reply. That was a cheap shot. Frankly , ny reply would have been along the same lines. 

That left a bad taste in my mouth. Be straight up and straight out on what you say.       Milestones

Piranhanoia's picture

So he gets blamed for doing to the Euro what they are doing to Greece?  To benefit his own country?  Under orders?

They'll punish him with an island.  

AldoHux_IV's picture

A vast majority of central bankers, bankers, IMF employees, Worldbank employees, and politicians should be jailed for life for not working in the best interest of the world economy and enslaving us under odious debt i.e. control of the very few.

Bring these horrible immoral policymakers and technocrats to justice.

non_anon's picture

ha ha, give me another tab

gnomon's picture

Puzzle this:

If everyone in the world is now a grifter, do we need a new word or a new species?

Smithovsky's picture

Lipstick should only be put on PIIGS, not taken off them.  

Rip van Wrinkle's picture

To be 'suicided'.


There is no chance this muppet is going to get to court. Sees too much, hears too much they'll make damn sure he doesn't speak too much.

b_thunder's picture

Are they going to put on trial those bureaucrats who in 2000-2003 together with Goldman Sachs made Greek debt appear smaller than it really was?

It's becasue of them that Greece was allowed to adopt the Euro and that was the root-cause of their present problems?