Involvement in The European Debt Due Proposals in 2009
Goldman Sachs has fallen under intense scrutiny for creating or pitching products used by Greece to "obscure billions in debt from the budget overseers in Brussels". The effort to shoehorn Greece into the eurozone dates back to shortly after Cohn was serving as the global head of Goldman Sachs' commodities business and through his tenures as a senior manager in charge of the company's global commodities and global securities units. He led a delegation from Goldman Sachs in late 2009 for meetings which included proposals to place debt-due dates so far into the future that metrics for assessing the Greek national debt would be sufficiently vitiated so as to permit Greece to stay a eurozone member.
Read more about this topic: Gary Cohn (businessman)
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