How Goldman Sachs Helped Greece to Mask its True Debt

Discussion in 'Wall St. News' started by jjj1000, Feb 11, 2010.

  1. jjj1000


  2. As long as CDS are kicking around, this is possible with anybody... countries, cities, municipalities, Corporations, etc...
  3. jjj1000


    Very true. One can only wonders how much is hidden (countries, cites, states, etc.). However, Greece is under scrutiny now, and look, there are some news that they already "revisioned" their 2009 deficit from about 12% to 16% of gdp. Don't know much about the source reliability, but (if true) this sounds scary:
  4. If this chicanery by Greece is proven, I wonder if the EU will have the resolve to boot Greece out of the EU?