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Banks Bet Greece Defaults on Debt They Helped Hide

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NOTHING BUT GREECE BETWEEN HERE AND THE TREES
"Bets by some of the same banks that helped Greece shroud its mounting debts may actually now be pushing the nation closer to the brink of financial ruin," according to the New York Times. "Echoing the kind of trades that nearly toppled the American International Group, the increasingly popular insurance against the risk of a Greek default is making it harder for Athens to raise the money it needs to pay its bills, according to traders and money managers."
SOURCE:   New York Times

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