“As of September, all European Union countries will be required to take fuller accounting of trade in sex, drugs and other underground businesses as part of an overhaul of economic measurements by Eurostat, the European statistics agency.  Because GDP is such an important number one that can sway national policies and make or break politicians the European Union wants numbers ‘better reflecting the economic environment’, said Vincent Bourgeais, a Eurostat spokesman.  With EU governments obliged to reduce debt as a percentage of their economies, the changes are also expected to make growth rates look better, possibly also making debt ratios seem rosier.”

http://www.afr.com/p/world/europe_counts_the_value_of_prostitution_IpOxFOYSD6lXb4JVCl9buK

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