LONDON, Oct. 14, 2016
/PRNewswire-USNewswire/ -- Japonica Partners has made a 14
full-page multimedia buy in the Financial Times, the International
New York Times, and the New York Times. The 14 full pages are
part of a campaign dedicated to educating Greece key stakeholders globally to better
understand Greece government debt
sustainability, financial stability, and the Greek government debt
competitive advantage.
The campaign will educate Greece key stakeholders as to why government
financial transparency and accountability is the most
important reform for the Greece
government to win the trust and confidence of its taxpayers and the
global capital markets. The uneducated recalcitrants who
continue to cite incorrect Greek government debt numbers will be
taught the international debt measurement rules and the benefits of
correctly calculating Greek government balance sheet
numbers.
The campaign covers seven international debt measurement
frameworks: IPSAS, IFRS, 2008 SNA, ESA 2010, IMF DSA, EU EDP
dual reporting requirements, and IMF GFSM 2014. The
output of each framework is reviewed in the context of faithfully
following the world-class principles of reporting balance sheet
numbers that best reflect economic reality and provide a true and
fair representation of the facts.
An important part of the education campaign is to teach that in
accordance with the world-class frameworks, a reduction in the
present value of debt results in a corresponding reduction in the
balance sheet value of debt.
To illustrate the importance of balance sheet numbers prepared
in accordance with international frameworks designed to best
reflect economic reality, Greece
has a significant debt competitive advantage with correctly
calculated government net debt of €72 billion (41% of GDP) at
year-end 2015. The oft-cited future face value of €311
billion (177% of GDP) does not reflect economic reality and is
being misused in assessing Greece
debt sustainability.
The correct Greece government
balance sheet net debt number was calculated by a
multi-disciplinary global team of 100 plus professionals under the
direction of Japonica Partners over the past four years based on
extensive analysis of publicly available information and has been
vetted in more than 250 presentations.
Japonica Partners, a civic-minded long-term investor in
Greece, is committed to supporting the publication of a proper
Greece government balance sheet as
the cornerstone of the most important reform. Japonica
Partners is also committed to educating Greece key stakeholders on the benefits of
making decisions and reporting Greece government financial results using
financial statements prepared in accordance with International
Public Sector Accounting Standards (IPSAS) and independently
audited.
For more information, see www.MostImportantReform.info.
Contact: info[@]MostImportantReform.info
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SOURCE Japonica Partners