The president's first two Treasury secretaries, for instance, lacked the kind of Wall Street expertise that might have helped them raise red flags about the use of complex financial instruments that are at the heart of the crisis.
Meanwhile, he said the European Commission had asked the Greek government about its use of complex financial instruments designed by Wall Street banks to mask deficits.
Meanwhile, following a report in The New York Times, he also said the European Commission had asked the Greek government about its use of complex financial instruments designed by Wall Street banks, including Goldman Sachs, to mask deficits.
BRUSSELS -- Greece faced increased pressure Tuesday over its use of complex financial instruments to mask its rising debt, with European officials demanding detailed explanations by the end of the week and saying they could extend their inquiry to other countries.
Three years ago the world's economy got into serious trouble partly as a result of the use of complex financial instruments that few people understood.
Analysts said the use of the complex instrument, and a look at Shop Direct's history, indicated that Ashley was more interested in a "close relationship" with Debenhams rather than considering a buy-out.
In effect, SoftBank has already started to resemble the likes of HNA, using complex instruments and margin loans backed by its shares in Alibaba Group Holding Ltd. to finance more startup acquisitions.
The use of complex, mechanical rhythms by the gamelan musicians influenced him a great deal, said Mr. Brooke, as did their everything-but-the-kitchen-sink approach to combining instruments and sounds.
Canterbury scene bands emphasized the use of wind instruments, complex chord changes and long improvisations.
