Chapter 1
1. See Euro News, February, 2, 2011. http://www.euronews.com/2011/12/02/merkel-warns-of-marathon-to-solve-euro-crisis/
2. The Eurozone has consisted of 17 countries since Estonia joined the Euro in January 2011. Greek deficit and debt had been hidden using several tactics for years, including using special financial accounting practices to present misleading government expenditure statistics. See http://www.nytimes.com/2010/02/14/business/global/14debt.html?pagewanted=1&hp
3. These figures come from the European Commission (2010), Report on Greek Government Deficit and Debt Statistics. Eventually the deficit would be re-estimated to be 15.6% of GDP.
4. The ECOFIN statement declared the following: “The Council REGRETS the renewed ...
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