EU spokesman Amadeus Rastafaz Tardy says the EU executive has given Greece an end-of-February deadline to explain in simple understandable English what a credit default swap is, what a currency swap is, what a spread is, how interest rates work and how hotel room rates are determined for the Summer holiday season. All of this derivative mumbo jumbo is totally Greek to me said Rastafaz Tardy.
Greece is already under fire for falsifying statistics last year on its deficit, triggering a debt crisis that threatens to AIG the euro currency union.
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