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Greek Probe Uncovers ?Long-Term Damage? From Swaps Agreements

By Implode-Explode Heavy Industries

"?While swaps should be strictly limited to those that lead to a permanent reduction in interest spending, some of these agreements have been made to move interest from the present year to the future, with long-term damage to the Greek state,? "

Full post as published by Mortgage Lender Implode-o-Meter on February 15, 2010 (boomark / email).