This article[0] describes how it went down: oddly-priced currency swaps. Note that the article is from 2003, and makes clear that other member states such as It

This article[0] describes how it went down: oddly-priced currency swaps. Note that the article is from 2003, and makes clear that other member states such as Italy, at the very least, were using similar practices as far back as 1996. Most people are shocked to hear it when these shenanigans were revealed in 2010. But the fact of the matter is that everybody knew what was happening, when it was happening, and Europe as a whole turned a bind eye for not only Greece, but other member states that used these deals to get into the euro zone and are in trouble today as well. [0]: http://www.risk.net/risk-magazine/feature/1498135/revealed-goldman-sachs-mega-deal-greece http://www.risk.net/risk-magazine/feature/1498135/revealed-g...