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It appears 2009 was revised much later, so it's hard for me to go back, but I'm sure if you look at 2009 numbers from 2010, the troika and everyone was working under the assumption that the debt to GDP was 115%.

But as I wrote in my initial post, Greece got the numbers wrong each and every year. Yet Eurostat conducted audits and eventually reported a number that would accord with the 115% debt to GDP.

The economy fell off the wheels in late 2009.

by Upstate NY on Sun Nov 27th, 2011 at 09:05:33 AM EST
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