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February 12, 2010Goldman Sachs Hid Greek Debt
In the event you needed another reason to be angry at Goldman Sachs, Der Spiegel reports:
Goldman Sachs helped the Greek government to mask the true extent of its deficit with the help of a derivatives deal that legally circumvented the EU Maastricht deficit rules. At some point the so-called cross currency swaps will mature, and swell the country's already bloated deficit.
The "Lord's work" indeed.
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