2010-02-08www.spiegel.de

"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."


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Comments:

tvsterling at 16:38 2010-02-08 said:
I may not understand this fully but it appears that Greece bet the farm with Monopoly money; & lost. Permalink

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