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Tue 02 Feb 2010Greece misses deadline to tell EU of currency hedges
GREECE HAS missed a deadline to provide EU investigators with full information about currency hedges it made with Goldman Sachs, deals under scrutiny because they may have improperly flattered the country’s public finances.
As Goldman Sachs said the transactions were consistent with the “principles” set out by the EU’s statistical division Eurostat, the European Commission said Greece failed to provide all relevant data before the expiry of a deadline last Friday.
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