tag:blogger.com,1999:blog-3267250897910380623.post2268321341286331320..comments2023-01-20T17:10:28.096+00:00Comments on Cubism Economics: Greece: a response to Martin WolfRShttp://www.blogger.com/profile/16819181920157733677noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-3267250897910380623.post-62511536583114095872015-07-09T07:43:03.166+01:002015-07-09T07:43:03.166+01:00Thank you. I've kept wondering about the often...Thank you. I've kept wondering about the often repeated claim that banks/private investors suffered no losses and Greece received no actual debt relief in 2010 -2012. I guess Martin Wolf would dispute the findings of e.g. this paper: http://iie.com/publications/wp/wp13-8.pdf.<br /><br />It's quite demoralizing how little agreement there is about ANY numbers with regard to Greece -- starting with the supposed primary surpluses in 2013 and 2014 that economists and journalists ( Krugman, Wolf ) are touting while even Varoufakis (writing in 2014 http://iie.com/publications/wp/wp13-8.pdf) and now IMF dispute them. <br /><br />Given Greece keeps its official books on cash basis, it is of course fairly easy to create all kinds of illusions, if need be. And you can always have police investigate your chief accounting officer for fraud if he reports his figures the way Eurostat wants him too, and not the customary Greek way. <br />Anonymousnoreply@blogger.com