Quote:
Originally Posted by nomadking
And what about the other banks/EU countries that did the same?
It would be Greece that would have broken any rules/laws. Greece also used other methods to hide debt, eg publicly owned companies running up debts which don't appear on the government's books.
Their whole economy was propped up by excessive borrowing. They are now having to face the reality of how bad their economy really is and was. Things are having to be cut back because they never could afford them in the first place.
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That'd depend on the outcome I imagine. As I've said I think it's unlikely to happen but if it did then and the action were won there'd could be all sorts of ramifications.