EU’s Productivity Enhancing Recipe

Spain’s GNP will jump up by 4,5% this year. Before you get too happy, let me tell you that this isn’t because the country’s economy suddenly became more productive. The EU is demanding that all member nations change the way they calculate the GNP in order to show growth where there’s none.

Spain will now move the military spending from the “Expenses” to the “investment” category. Also, the production of the fields such as prostitution, drug trade and contraband will count as the GNP.

You gotta love the EU, folks. I mean, really, instead of figuring out how to become more productive (because that’s a total drag), one can just futz with the numbers and pretend like the productivity is soaring.