Wall St. Helped Greece to Mask Debt Fueling Europe’s Crisis - Goldman Sachs and Greek Economic Collapse

NYTimes.com

As in the American subprime crisis and the implosion of the American International Group, financial derivatives played a role in the run-up of Greek debt. Instruments developed by Goldman Sachs, JPMorgan Chase and a wide range of other banks enabled politicians to mask additional borrowing in Greece, Italy and possibly elsewhere.