Goldman Sachs in new storm over secret deal to mask Greek debts

oldman Sachs struck a secret deal with Greece to help it mask its vast debts, it emerged yesterday.

The Wall Street giant is claimed to have reaped as much as £192million in fees by entering a complex currency transaction in 2001 that helped Athens borrow cash without putting it on the books as a loan.

The so-called 'swap' deal, while permitted under EU rules, helped Greece meet eurozone limits on government borrowing.

Webmaster's Commentary: 

That seems to be what Goldman Sachs is best at; getting around the rules.

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