Ad
The EU's new economy commissioner Olli Rehn said banks could also be investigated (Photo: 1suisse)

Brussels threatens to widen net on currency swaps

The European Commission has said it will widen its investigation into complex currency transactions, used to hide the true extent of national debt levels, if evidence suggests they were deployed in more than one member state.

The EU's statistics office, Eurostat, launched an investigation into Greece over the weekend, following recent reports that Wall Street investment banks provided Athens with swaps and other financial instruments throughout the last decade.

Speaking after a...

Get EU news that matters

Back our independent journalism by becoming a supporting member

Already a member? Login here
The EU's new economy commissioner Olli Rehn said banks could also be investigated (Photo: 1suisse)

Tags

Ad
Ad
Ad