Goldman Sachs has admitted that it is under investigation for helping Greece to hide its vast debts.
The controversial Wall Street bank - nicknamed the Vampire Squid because its tentacles stretch far and wide - is accused of having profiteered out of a complex currency deal that helped Greece massage its finances.
In a regulatory filing in the U.S., Goldman disclosed that is ’subject to a number of investigations and reviews by various governmental and regulatory authorities in connection with its financial transactions with Greece.
The European Commission has already been probing the bank’s relationship with Athens. It is unclear from the disclosure, how many other countries might be looking into its dealings with the Mediterranean state.
The Wall Street giant is claimed to have received as much as £192m in fees by entering a complex currency transaction in 2001 that helped Athens borrow cash without putting it on the books as a loan.
The so-called ’swap’ deal helped Greece meet eurozone limits on government borrowing.
Estonia must accept African & Middle Eastern immigrants says politician 2015-05-22 3:06
Kalle Laanet, an Estonian politician, spoke at the International Migration Forum held in Tallinn. He told the audience that the question is not: Should Estonia take the African and the Middle Eastern immigrants (who illegally entered Southern Europe)? He said the question is: How will Estonia take the immigrants?
â€œToday the issue is not whether Estonia should receive the refugees coming to ...
Rescuing Palmyra: History's lesson in how to save artefacts 2015-05-21 22:49
With Islamic State militants now inside the historic town of Palmyra in Syria, the question, inevitably, is whether they will destroy the ancient ruins.
As IS continues to sweep through parts of Iraq and Syria, damage to centuries-old artefacts - because IS sees statues and shrines as idolatrous - is plentiful.
But history has shown that, when culturally important sites are under ...
Saudi Arabia Wants to Convert Sweden to Islam 2015-05-21 20:38
Aje Carlbom is an Associate Professor of Social Anthropology, University of Malmö
Since the 1970s, Saudi Arabia has actively spread its interpretation of Islam, Wahhabism or Salafism, worldwide. It is the most literal version of Islam and affects many young Muslims, who regard society as a place to Islamize, writes social anthropologist Aje Carlbom.
Sweden's Foreign Minister Margot WallstrÃ¶m was ...
Professor: If You Read To Your Kids, You're 'Unfairly Disadvantaging' Others 2015-05-21 18:22
According to a professor at the University of Warwick in England, parents who read to their kids should be thinking about how they're "unfairly disadvantaging other people's children" by doing so.
In an interview with ABC Radio last week, philosopher and professor Adam Swift said that since "bedtime stories activities . . . do indeed foster and produce . . ...
If You Read About Conspiracies You're Just Like Osama Bin Laden Apparently 2015-05-21 3:46
At its heart, the story of Osama bin Laden's time at his house in Abbottabad is surreal. The American image of bin Laden - leering at us from under his head wrap as he plots and schemes - is undermined by the mundane realities of his life. The guy was responsible for murdering thousands of Americans and orchestrating a global ...