A Greek parliament committee will be set up by the end of the year. It will investigate the role of international banks regarding the problems that led to the Greek debt crisis, Athens News Agency reported. It cited statements from the prime minister.
The investigation will go as far back as 2001 to examine the role of Goldman Sachs Group Inc.
Bloomberg.com reports that: “Signed in 2000 and 2001, the Goldman swaps reduced the country’s foreign denominated debt in euro terms by 2.367 billion euros ($3.2 billion) and lowered debt as a proportion of GDP to 103.7 percent from 105.3 percent, according to a Feb. 21 statement by Goldman.
Sources: ANA-MPA, Bloomberg
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