BRUSSELS (Reuters) - The lack of validation of past Greek budget deficit data by the European Union's statistics office does not necessarily mean that any further revision would take the deficit higher, the European Commission said.
The EU executive arm was responding to questions at a regular news briefing regarding its report on Greek statistics, in which it said there may be further revisions to Greek budget deficit and debt figures for 2008 because the current institutional setup for Greek statistics was ineffective and prone to political interference.
"The fact that Eurostat has not validated those figures does not necessarily imply that the final figures will be higher. It simply means that Eurostat at this stage is not capable of validating the figures," Commission spokeswoman Amelia Torres said.
Greece has revised its 2008 budget deficit figures to 7.7 percent of GDP from 5 percent.
(Reporting by Jan Strupczewski, editing by Luke Baker)
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