主题：【原创】PIGS的困难会对东欧产生什么影响？ -- 晨枫
共:💬77 🌺175
How Goldman Sachs Helped Greece to Mask its True Debt
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.
Creative accounting took priority when it came to totting up government debt.Since 1999, the Maastricht rules threaten to slap hefty fines on euro member countries that exceed the budget deficit limit of three percent of gross domestic product. Total government debt mustn't exceed 60 percent.
After recalculating the figures, the experts at Eurostat consistently came up with the same results: In truth, the deficit each year has been far greater than the three percent limit. In 2009, it exploded to over 12 percent.
At some point Greece will have to pay up for its swap transactions, and that will impact its deficit. The bond maturities range between 10 and 15 years. Goldman Sachs charged a hefty commission for the deal and sold the swaps on to a Greek bank in 2005.
- 相关回复 上下关系8
🙂这个事情倒不那么绝对 晨枫 字116 2010-02-14 19:03:57
🙂那时的欧共体成员恰恰是相对独立的 酸酸 字192 2010-02-14 22:13:52
🙂以前外部有苏联的压力，内部有老美做和事佬 老驴 字68 2010-02-14 19:35:16
🙂高盛 掩盖 希腊 的债务真是情况。
🙂看看高盛和美国前几任财政部长之间的关系就清楚 老叶 字38 2010-02-14 14:38:48
🙂金融衍生工具的主流工程项目大多数是规避金融市场规则的 唵啊吽 字66 2010-02-12 06:26:05
🙂once again, these financial 晨枫 字54 2010-02-11 15:21:06
🙂大摩和高盛是投行这个无耻群体里最无耻的两个 云无心而出岫 字48 2010-02-11 20:51:36