According to
the Hellenic Statistical Authority, the deficit of the
general government in 2013 was 23.1 billion euros or 12.7% of GDP.
The unified debt of the general government in nominal values at the
end of 2013 was 318.7 billion euros or 175.1% of GDP.
Between 2010
and 2013 country's GDP shrank more than 40 billion euros. It is worth
to note that only for 2013 the general government supported banks
with 6,189.3 million euros through the Hellenic Financial Stability
Fund (HFSF), while 14,759 million were given to recapitalize the four
systemic banks, thus more than 20 billions in total, or equal to the half of
the GDP loses for the period 2010-2013.
The
corresponding numbers in 2010, when Greece was excluded from markets,
were 10.9% of GDP for the deficit and 148.3% of GDP for the debt of
the general government.
This is
another proof that Greece's recent "return to markets" is
clearly a political decision allowed by the international banksters
in order to support current neoliberal government to complete the
experiment. There is nothing accidental in the so-called "markets",
nor they behave "automatically", as the mainstream
economists want us to believe.
According to table 3 of the report, 10.6% of the deficit in 2013 is due to the support to banks! Which means that the deficit would be only 2.1% without this support!
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