Greek Debt Crisis 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.
Von Beat Balzli
Greek Finance Minister George Papaconstantinou speaking at a conference in January.

Greek Finance Minister George Papaconstantinou speaking at a conference in January.

Foto: Pantelis Saitas/ dpa