Greece’s data crisis holds lessons for US, finance minister says

Greece’s data crisis holds lessons for US, finance minister says

The Greek financial crisis shows the need for reliable and independent economic data, the country’s economy and finance minister said Thursday, as the US grapples with a similar lack of confidence in official numbers.Investors’ inability to trust official numbers — as a result of data falsifications and severe revisions — was a factor contributing to the Greek debt crisis in the early 2010s, which required multiple international bailouts and yea…