Category Archives: European debt crisis

Exporting Crisis: Goldman Sachs Helps the Greek Government with its Debt

It’s not enough that American investment banks created a financial crisis at home in the United States. They also helped European governments deepen their crisis. Michael Lewis, author of The Big Short and Moneyball, appeared today in an interview on Fresh Air with Terry Gross, to promote his new book, Boomerang: Travels in the New Third World.

Lewis describes how Goldman Sachs helped the Greek government disguise its debt in order to gain entrance into the European Union:

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