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Tom [10]
3 years ago
11

Why did the US investors demand repayment of debt by Europeans?

History
1 answer:
hammer [34]3 years ago
5 0
Wall Street tactics akin to the ones that fostered subprime mortgages in America have worsened the financial crisis shaking Greece<span> and undermining </span>the euro by enabling European governments to hide their mounting debts. <span>As worries over Greece rattle world markets, records and interviews show that with Wall Street’s help, the nation engaged in a decade-long effort to skirt European debt limits. One deal created by </span>Goldman Sachs<span> helped obscure billions in debt from the budget overseers in Brussels.</span>
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