Voodoo economics
The week's news at a glance.
Athens
Greece cheated on its entrance examination to join the euro common currency in 2001, the government admitted this week. The Greek conservative government said that the Socialist government that was in power at the time deliberately fudged the numbers, to make Greece’s forecasted budget deficit look smaller. As the financial health of one eurozone country affects all the others, euro users are supposed to adhere to strict economic policies, which include keeping budget deficits low. The rest of the union will decide in December whether to punish Greece, but since France and Germany have also run up big deficits since the adoption of the euro, they are hardly in a position to be stern.
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
Will house prices rise in 2025?
The Explainer Whether it will be feast or famine for the property market when it comes to house prices is hard to predict
By Marc Shoffman, The Week UK Published
-
Today's political cartoons - January 15, 2025
Cartoons Wednesday's cartoons - Hegseth's hearing, the cost of climate change, and more
By The Week US Published
-
Fundraising For A Better World
The Week Junior has partnered with SuperKind to launch the Fundraising for a Better World campaign.
By The Week Junior Published