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EU's selective lessons from Greece

Mon, 02 Apr 2012 09:03:59 GMT

The EU Commission was at the forefront of the response to the revelation in 2010 of irregularities in Greece's government statistics and in particular the 2.4bn Euros secret loan it received from Goldman Sachs in 2001 (Bloomberg). Has it delivered, and has parliamentary oversight been adequate? The Eurostat audit completed in November 2010 is thorough, as promised. But some the hard facts  about the irregularities it brings to our knowledge, such as a 2005 'significant restructuring' with the help of the bank, have evaded scrutiny in a number of cases in which the search for truth was officially on the agenda (in one case literally). Jump to our section 'Preview',...

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