Stacy Summary:  So, who isn’t falsifying data?

• Greece condemned for falsifying data

Greece was condemned by the European Commission on Tuesday for deliberately falsifying data about its public finances and allowing political pressures to obstruct the collection of accurate statistics.

In a damning report published as the eurozone grapples with its worst fiscal crisis since the euro’s launch in 1999, the Commission said Greece’s figures were so unreliable that its budget deficit and public debt might be even higher than the government had claimed last October.

At that time Greece estimated its 2009 deficit would be 12.5 per cent of gross domestic product, far above the 3.7 per cent predicted in April. It revised its 2008 deficit up to 7.7 per cent from 5 per cent.