Follow Newser on Twitter   Friend Newser on Facebook
Snappy newsletters. Simple Facebook sharing. Spirited comments. Sweet features are waiting… GET THEM NOW!

Hot on Facebook

Goldman Helped Greece Hide Catastrophic Debt

Bank concocted deal with phony exchange rate

By Rob Quinn,  Newser Staff

Posted Feb 10, 2010 3:50 AM CST

(Newser) – Greece's budget problems were allowed to grow to their current monstrous size with the help of a Goldman Sachs deal worthy of an Oscar for creative accounting. Greek government officials—no strangers to number-juggling themselves—used the US bank to concoct a derivatives deal that...   Read full story »

COMMENTS
You need to Log in to Newser to comment. Don't have an account yet? Sign up now!
14 comments
A snapshot of the day's best news stories.
 

More Newser Stories

Greek Euro Exit May Cost $1T

Eurozone Considers Stiffing Greece on Bailout

Eurozone Set to Finalize Greece Bailout

Talks Falter as Greece Warns: We Can't Take Any More Cuts

Get Ready for 'Eurogeddon'


NEWS FROM OUR PARTNERS
Other Sites We Like:   24/7 Wall St.   |   BuzzFeed   |   Cracked   |   Timelines   |   Geek Sugar   |   Business Insider   |   HuffPost Entertainment