By Alexander Apostolides on October 12, 2009

Why Greece is so distrusted right now - Thank Mr. Christos Votsis for briing this to my attension.

A quick pull of news relating to Greece public debt from Reuters. The central banker lives in two parallel universes, he says optimistic things on Tursday from Friday.

13:27 08Oct09 -GREEK CENBANKER SAYS IS OPTIMISTIC THAT BUDGET DEFICIT WILL NOT EXCEED 10 PCT OF GDP THIS YEAR
13:32 08Oct09 -Greek deficit not seen over 10pct of GDP- cenbanker
ATHENS, Oct 8 (Reuters) - Greece's central banker said on Thursday he does not see the country's budget deficit topping 10 percent of gross domestic product (GDP) this year.
"I am optimistic that it (2009 budget deficit) will not exceed 10 percent," Bank of Greece Governor George Provopoulos told reporters after meeting with new Prime Minister George Papandreou.

Thursday, 08 October 2009 13:27:25RTRS [nATH004752] {C}E
16:33 09Oct09 -GREEK CENTRAL BANKER SAYS 2009 BUDGET GAP MAY REACH 12 PCT OF GDP
16:38 09Oct09 -Greek 2009 deficit may reach 12 pct of GDP- cenbanker
ATHENS, Oct 9 (Reuters) - Greece's central banker said on Friday that Greece's budget deficit may reach 12 percent of gross domestic product (GDP) this year.
"Based on data we have for the first nine months, the budget deficit reached 10 percent and with the prevailing dynamics it will reach if not exceed 12 percent," Bank of Greece Governor George Provopoulos told reporters after meeting with new Finance Minister George Papaconstantinou.

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