The deficit figures of 2009 were a source of great controversy in the past, as
the then outgoing government under conservative Kostas Karamanlis was accused of fraud by claiming the deficit to be much less than it actually was.
In 2010, George Osborne presented an austerity budget to the House of Commons claiming that the country faced an economic crisis with an unsustainable public debt,
then at 64 % of GDP, and a huge deficit, and that this was the fault of the
outgoing Labour
government, which had caused the 2008 financial crash due to profligate public spending.