Hi there,

Immigration raids are spreading across the country. The agencies meant to protect public health are being dismantled from within. Public broadcasting is being defunded... Today, Democracy Now!'s independent reporting is more important than ever. Because we never accept corporate or government funding, we rely on viewers, listeners and readers like you to sustain our work. Can you start a monthly donation? Monthly donors represent more than 20 percent of our annual revenue. Every dollar makes a difference. Thank you so much.

Democracy Now!
Amy Goodman

Non-commercial news needs your support.

We rely on contributions from you, our viewers and listeners to do our work. If you visit us daily or weekly or even just once a month, now is a great time to make your monthly contribution.

Please do your part today.

Donate

Report: Goldman Sachs Helped Greece Hide Mounting Debts

HeadlineFeb 15, 2010

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.

The original content of this program is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 United States License. Please attribute legal copies of this work to democracynow.org. Some of the work(s) that this program incorporates, however, may be separately licensed. For further information or additional permissions, contact us.

Non-commercial news needs your support

We rely on contributions from our viewers and listeners to do our work.
Please do your part today.
Make a donation
Top