Limited Purpose Banking

The Truth about Greek Debt and German Generosity

Publication: 
PBS Newshour
Date: 
2015-07-22

Today, and for a long time now, there’s been a lot of intentional misinformation about the size of Greek debt. From what I can tell, it’s miles less than the commonly reported and terribly ominous 175 percent of Greek’s 240 billion euro GDP.

Here’s what’s really going on, described by way of a stark analogy.

Greece Is Far Less Indebted and Germany Is Far More Generous Than You Think

Publication: 
Forbes
Date: 
2015-07-21

John Mitchell, Nixon’s Attorney General, was an terrible liar. He was jailed for perjury for giving false testimony during the Watergate hearings. Still, he knew a lot about lying. He could also turn a phrase. My favorite Mitchell quote is, “Figures lie and liars figure.”

Today, and for a long time now, there’s been a lot of lying about Greek debt. From what I can tell, it’s miles lower than 175 or so percent of Greek’s 240 billion euro GDP.

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