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2010-02-08 — www.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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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. Permalinkadd a comment | go to forum thread Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately.
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