Merkel hits out at banks over Greek deals

The German Chancellor Angela Merkel sharply criticised in a speech February 2010 global investment banks that may have helped a number of Greek governments to disguise mounting budgetary problems over the years.

Her remarks came as George Papandreou, the Greek Prime Minister, said a special parliamentary commission would be set up to investigate possible mishandling of the public finances under the previous conservative government between 2004 and 2009.

ESO: Background information: Greece given month to sway doubters http://www.europeansources.info/record/greece-given-month-to-sway-doubters/

ESO: Background information: EU demands details on Greek swaps http://www.europeansources.info/record/eu-demands-details-on-greek-swaps/

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