July 6, 2015 Leave a comment
Originally posted on Notayesmanseconomics's Blog:
For the second time in a couple of months voters in an election have delivered a result which has surprised the “experts” and pollsters. In the UK we saw the opinion polls misfire badly but yesterday’s events in Greece saw them in even more disarray. The referendum which was supposed to be neck and neck turned out to be as shown below. From the BBC.
The final result in the referendum, published by the interior ministry, was 61.3% “No”, against 38.7% who voted “Yes”.
Accordingly we are left again wondering as to the value and worth of opinion polls as rather than a close result we saw a decisive one.
Some care is also needed in considering what was decided as it was presented by both Euro area politicians and some sections of the media as a vote on the Euro. This was deliberately misleading as Prime Minister Tsipras was…
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