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Greece has among best government financial reporting in Eurozone

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Staff Writer | December 5, 2017
An EY report concludes that Greece has among the best government financial reporting in the Eurozone.
Greece government
Europe   EY report
The report is titled "Quality and Availability of Information on State's Budget Execution Monthly Reports." The report uses the New Zealand government's reports, which are universally recognized as the best globally, as the benchmark for comparison.

Germany and France were included in the study, given their financial leadership in the Eurozone. Greece and Portugal were also included in the study given that early research showed both countries to be far more advanced in government monthly reporting than other member states in the Eurozone.

With a potential score of 350, New Zealand confirmed its global leadership with a score of 312. Greece received an impressive 152 followed by Portugal at 118. Both Germany and France lagged significantly with scores of 74 and 48, respectively.

The report utilized 34 criteria in four equally weighted scores: Foundation Criteria Score, Data Disclosures Criteria Score, Quality of Disclosure Criteria Score, and Comparative Data Criteria Score.