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Tag Archives: 2008

Ex BoG governor: “IMF warned in 2008, Greece’s long-term debt would soar to 800% of GDP”

Former Governor of the Bank of Greece Giorgos Provopoulos revealed that the in May 2008, the head of the IMF’s mission to Greece Bob Traa had estimated that Greece’s debts were over 800% of the GDP. Speaking at the annual meeting of the Federation of Hellenic Food Industries (SEVT), Provopoulos …

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ELSTAT: 20.1% of Greeks Are Threatened by Poverty

The poverty data in Greece in shocking. One in five Greeks is threatened by poverty, according to statistics from 2010. If one should add the statistics of 2011, that has not been gathered yet, the picture of the Greek reality in times of  IMF, bailout, strict austerity and recession, will be much more …

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