The European Tribune is a forum for thoughtful dialogue of European and international issues. You are invited to post comments and your own articles.
Please REGISTER to post.
The questions were not a hoax, but part of a new effort to measure the size of the Spanish economy. As of September, all European Union countries will be required to take fuller accounting of trade in sex, drugs and other underground businesses as part of an overhaul of economic measurements by Eurostat, the European statistics agency. The point of counting everything, including the wages of sin, is to get a more accurate reading of each country's gross domestic product. Because G.D.P. is such an important number -- one that can sway national policies and make or break politicians -- the European Union wants numbers "better reflecting the economic environment," Vincent Bourgeais, a Eurostat spokesman, said. With European Union governments obliged to reduce debt as a percentage of their economies, the changes are also expected to make growth rates from Spain to Sweden look better, possibly also making debt ratios seem rosier.
The point of counting everything, including the wages of sin, is to get a more accurate reading of each country's gross domestic product. Because G.D.P. is such an important number -- one that can sway national policies and make or break politicians -- the European Union wants numbers "better reflecting the economic environment," Vincent Bourgeais, a Eurostat spokesman, said.
With European Union governments obliged to reduce debt as a percentage of their economies, the changes are also expected to make growth rates from Spain to Sweden look better, possibly also making debt ratios seem rosier.
by rifek - Apr 7 1 comment
by gmoke - Apr 3
by rifek - Apr 1
by rifek - Mar 30 1 comment
by gmoke - Mar 29
by gmoke - Mar 22 1 comment
by Oui - Apr 12
by Oui - Apr 716 comments
by rifek - Apr 71 comment
by Oui - Apr 6
by Oui - Mar 313 comments
by Oui - Mar 3110 comments
by rifek - Mar 301 comment
by gmoke - Mar 221 comment
by Oui - Mar 17 comments
by Oui - Feb 2810 comments