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. More on Greece

Sections:  news   world   business   
Topics:  crisis   debt   deficit   goldman sachs   greek   greek debt   greek debt crisis   
RELATED ARTICLES
  • Ex-Goldman trader Taylor turns himself in to authorities: sources
    Ex-Goldman Sachs Group Inc trader Matthew Marshall Taylor has turned himself in to federal authorities in connection with charges that he defrauded the Wall Street bank out of $118 million in 2007, two sources familiar with the matter said. More
  • Dreaming Of A Celebrity Marriage? Mine Left Me $4 Million In Debt
    I will never forget the moment that my soon-to-be ex-husband and I sat in our mediator’s office as he illustrated our finances on a chalkboard. “There really aren’t any assets,” he told us. But there was $4 million of debt—from bad investments, lawsuits and failed business deals that I knew nothing about. More
  • Obama and G.O.P. Gear Up for Next Fiscal Fight
    Days after one high-stakes standoff over finances was resolved, the two sides are getting ready for another as Congress prepares to address the nation’s borrowing limit. More
  • Average debt up again for new college grads
    It's the latest snapshot of the growing burden of student debt and it's another discouraging one: Two-thirds of the national college class of 2011 finished school with loan debt, and those who borrowed walked off the graduation stage owing on average $26,600 - up about 5 percent from the class before.... More
  • U.S. families' debt loads decline to pre-recession levels
    After a long period of consumer retrenchment, U.S. families have cut their once-out-of-control debt loads down to pre-recession levels, largely removing one major obstacle to a faster economic recovery. More
BING NEWS:
  • Tourism’s Next Battlefront: Water
    As climate change brings water shortages to vacation hot spots, we look at Greece’s tourism-dependent islands, where residents sometimes compete with visitors for a dwindling supply. By Ceylan ...
    09/22/2024 - 1:01 pm | View Link
  • Which Greek Island Should You Visit? Our 2024 Top Picks
    With more than 200 inhabited islands in Greece, each with its own attractions, brilliant sunsets, postcard-worthy beaches and aquamarine waters, it can be a tall order to decide which one is best ...
    02/29/2024 - 11:00 am | View Link
  • Greek bailout crisis in 300 words
    The economy is 25% smaller than when the crisis began and it will take decades to pay off its debt pile of 180% of GDP. But for the first in almost a decade, Greece is off life support.
    08/19/2018 - 1:00 pm | View Link
  • More

 

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More News