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By Jason Stipp and Jeremy Glaser | 06-07-2013 06:00 AM

The Friday Five

Five stats from the market and the stories behind them. This week: A big miss on Greek GDP, auto sales cruising along, and more.

Jason Stipp: I'm Jason Stipp for Morningstar, and welcome to The Friday Five: five stats from the market and the stories behind them.

Joining me, as always, with The Friday Five is Morningstar markets editor Jeremy Glaser.

Jeremy, thanks for being here.

Jeremy Glaser: You're welcome, Jason.

Stipp: What do you have for The Friday Five this week?

Glaser: This week we're going to look at 5.5%, 18, 8.1%, $4 billion, and $2.6 trillion.

Stipp: 5.5% was the amount that Greece was supposed to have lost [from GDP] from 2009 to 2012. The reality looks much bleaker.

Glaser: In a confidential IMF report that was leaked this week, they point to poor data forecasting as one of many problems and one of many issues that they had during the height of the Greek bailout discussions.

Beyond forecasting or missing the forecast of just how much some of the austerity measures would hurt the Greek economy, they said they made a lot of other mistakes--that they didn't push enough for technical reforms and really big structural changes in the economy. They didn't push to have a bond restructuring happen earlier on in a way to really reduce that debt load to the point where Greece would be able to pay it back. They really were very self-critical in this report. But they also were very critical of some of their partners, including the European Commission. They said that trying to build a consensus around every decision made it almost impossible for any decisions to be made.

It turns out that the halting and confusing type of negotiations that we saw from the outside is what was happening on the inside as well, and they really were having trouble reaching a consensus about the best way to keep Greece inside the euro and to keep the eurozone together.

They said that, overall, the benefits to all of Europe seem to have been worth it, that bending these rules and making these mistakes was OK, because it's kept the eurozone together and gotten us past the worst of the crisis. But if they were to do it again, it seems like there were lot of things that they would do differently. We'll see, if there is another flare up in the coming years and the coming months, exactly how the troika with the ECB, the European Commission, and the IMF may handle things a little bit differently.

Stipp: Sticking in the eurozone, 18 refers to Latvia, which could become the 18th country to join the Eurozone. We got that news this week. It may have raised an eyebrow or two, but you say, don't read too much into this.

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