It looks like there was an Excel coding error in one of the main academic papers which brought this age of austerity upon us. The spreadsheet that the authors used is not accurate.
The Roosevelt institute blog has all the dirty details.
Now for the Information Security angle. We all know that information security is about protecting the confidentiality, integrity and availability of
According to ISO 27000, information security is the
- "preservation of confidentiality, integrity and availability of information"
- "property of protecting the accuracy and completeness of assets"
Since the accuracy isn't protected, then there is an integrity issue.
And since there is an integrity issue, there is an Information Security issue.
Imagine having to tell the people of Europe that all these austerity measures are the result of an Information Security problem in an Excel Spreadsheet.
- Roosevelt Institute Blog: Researchers Finally Replicated Reinhart-Rogoff, and There Are Serious Problems.
- ISO/IEC 27000:2012