Originally posted by Doggy Styles
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Goldman admits helping Greece 'fiddle books' to conceal public debt
Mr Corrigan replied: "Goldman was by no means the only bank involved in the transactions."
Greece failed to meet the criteria for joining the single currency in 1999 due to its deficits but was admitted in 2001, after claiming to have hit targets of reducing its budget deficit to less than 3pc of GDP and national debt below 60pc of GDP. The country is now in crisis with a near-13pc deficit and public debt of 113pc.
Greece failed to meet the criteria for joining the single currency in 1999 due to its deficits but was admitted in 2001, after claiming to have hit targets of reducing its budget deficit to less than 3pc of GDP and national debt below 60pc of GDP. The country is now in crisis with a near-13pc deficit and public debt of 113pc.
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