Greek deficit almost 2% higher than they originally reported
We could see this one coming from a mile away. You have poor recordkeeping, and leftist unions, and outright corruption. All of this has added up to cooked books. Greek deficit for 2009 was 15.4% of GDP, not 13.6%, says EU statistics agency. Via Guardian:
Six months after Athens received €110bn (£93bn) in emergency loans from EU nations and the International Monetary Fund to prop up its near-bankrupt economy, Eurostat revealed that Greece's budget deficit reached 15.4% of GDP last year, substantially higher than its previous estimate of 13.6%.
Greece's poor bookkeeping was blamed for the budget black holes.