The original content of Democracy Now! Headlines appears under the Creative
Commons BY-NC-ND 3.0 License (United States). For more, including their other
shows and media, visit www.democracynow.org.
February 15, 2010

Report: Goldman Sachs Helped Greece Hide Mounting Debts
-------------------------------------------------------



The New York Times reports Wall Street tactics akin to the ones that
fostered subprime mortgages in America have worsened the European
financial crisis by enabling governments to hide their mounting debts.
One deal created by Goldman Sachs helped Greece obscure billions in debt
from the budget overseers in Brussels. Goldman Sachs is said to be the
most important of more than a dozen banks used by the Greek government
to manage its national debt using derivatives.



.