ASSESSMENTS

Eurozone: Learning a Lesson From Greece

Sep 24, 2004 | 19:51 GMT

Summary

An investigation by the European Union found Greece deflated its deficit figures by as much as 40 percent from 2000-2003 in order to gain entry into the eurozone. Though Greece will not be ejected from the monetary union, its actions could provoke a closer investigation into other new EU member states that want to adopt Europe's common currency.

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