Greek Debt Crisis: How Goldman Sachs Helped Greece To Mask Its True Debt - Congoo

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Greek Debt Crisis: How Goldman Sachs Helped Greece to Mask its True Debt

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Spiegel Online | February 08, 2010

Goldman Sachs helped the Greek government to mask the true extent of its deficit with the help of a derivatives deal that legally circumvented the EU Maastricht deficit rules. At some point the so-called cross currency swaps will mature, and swell the country's already bloated deficit. Greeks aren't...

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