Abstract
The situation of Greek's finances is catastrophic: a public deficit of 12.7% of the GDP in 2009 and 9.4% in 2010. A public debt of 300 billion euros at the end of 2009 and expected at 12.0% of the GDP in 2010 while the limit imposed by the EU is 3% of the PIB. This problem worried the markets because the former government had falsified the numbers. Indeed, the previous government had announced a public deficit of 6% of the GDP in 2009. Georges Papandréou, after he became the head of the government on the 4 of october, revealed the reality, a deficit of 12.7%.
