Greece and Goldman

There’s been a good deal of news swirl about Goldman Sachs’ role in entering into swaps contracts with Greece in order to assist it in “hiding” some of its public debt as it prepared to enter the EMU.

Here’s a good primer from 2003 on these types of swaps, and an interesting thought piece on it from Ed Harrison.

URLs:

http://www.risk.net/risk-magazine/feature/1498135/revealed-goldman-sachs-mega-deal-greece

http://seekingalpha.com/article/190390-inside-the-mind-of-an-investment-banker-greece-goldman-and-derivatives