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Three years later, the IMF admitted it "got its sums wrong".
The government now admits it got its sums wrong, as Sir Richard had claimed, and the bidding process will be rerun (see article).
Even after (planned) spending cuts and (hoped for) extra revenue from the recovery of evaded taxes, there was a shortfall of €11 billion that will reverse the downward trend of Italy's deficit (see chart).The government claims it can keep the deficit inside the eurozone limit of 3% and has set aside €3.4 billion in case it gets its sums wrong.
Good for journalists and BBC, if it can get its sums right.
It has redone its sums, relying more on data from annual surveys and less on dubious rules of thumb.
In all probability, L&T's shareholders must hope that it has done its sums, been less reckless than its peers, and that these projects, which have long payback periods, come good.You say helloSo a bout of digestion beckons.
Similar(18)
Because the p u (y) is the normalized distribution, its total sum should be 1.
Yet its sum seems less than its parts.
Borodin's "Prince Igor" is one of those operas whose parts are greater than its sum.
Glencore countered in its summing up, with its barrister, Jonathan Cohen, declaring: "The days of the long liquid lunch in the City of London are gone.
"Old Roy, knowing the limits of his team, ordered everyone back," wrote leading daily Corriere della Sera in its summing up the manager Roy Hodgson's night.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com