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Humorous Quote of the Day

IMG Auteur
Mish
Global Economic Analysis
Published : January 11th, 2014
188 words - Reading time : less than a minute
( 3 votes, 3.3/5 ) , 2 commentaries
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Category : Opinions and Analysis

A tip of the hat goes to Huky Guru at Guru's Blog regarding the non-shocking announcement that "One of the rescued countries provided "misleading" information to the troika as the ECB"

"In some cases, the information was incomplete, particularly in a country, even misleading at the beginning of the program," says the company chaired by Mario Draghi in the European Parliament formulated to evaluate the work of the troika questionnaire.
Guru Commented "Just one country provided misleading information? And it took four years to realize?"

That's pretty funny, but actually it is a sign the ECB thinks the bottom is in. That's when these kind of revelations come out.

Yet, as Guru implies, it likely was every country that received a bailout, that fabricated data.

Going back further still, I find it hard to believe that the ECB and the Brussels nanncrats did not know upfront that Greece was not ready for Eurozone membership, and that Greece lied on its application.

And finally, regardless of what these guys think, it's highly doubtful the crisis is over. The biggest eurozone trials are yet to come.

Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com
Data and Statistics for these countries : Greece | All
Gold and Silver Prices for these countries : Greece | All
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IMG Auteur
Mish 13 abonnés
Mike Shedlock / Mish is a registered investment advisor representative for SitkaPacific Capital Management. He writes a global economics blog which has commentary 5-7 times a week. He also writes for the Daily Reckoning, Whiskey & Gunpowder, and has over 80 magazine and book cover credits. Visit http://www.sitkapacific.com
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ranbotrader   1/11/2014 at 8:15 PM GMT
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Come on Mish. Are you serious. The reality is that EVERY COUNTRY lies. The only question is the degree of dishonesty. If you think that governments and their politicians are honest then you clearly also still believe in the Tooth Fairy.
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dom1971   1/12/2014 at 2:53 AM GMT
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What? There's no tooth fairy? Santa has been lying to me all these years!
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What? There's no tooth fairy? Santa has been lying to me all these years!  Read more
dom1971 - 1/12/2014 at 2:53 AM GMT
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