greece: Home Affordability Getting A Springtime Boost From Greece - 05/15/12 06:45 AM
Home affordability is receiving a boost from across the Atlantic Ocean this spring. For the third time in as many years, a weakening Eurozone is pushing May mortgage rates to new lows throughout South FL and nationwide. The story centers in Greece and begins in 2010. 2 years ago, it was uncovered that successive Greece governments had purposefully misreported the nation-state's economic statistics in order to meet European Union standards. The fraudulent data had permitted Greek governments to spend beyond their means while hiding deficits from EU auditors. The realization that Greece was heavy in debt with little means to repay … (1 comments)