Eurostat continues to deny knowledge of Greece-Goldman swaps

greek flag

Europe's statistics office has continued to deny it knew about a series of off-market swaps conducted in 2001 between Greece and Goldman Sachs until early 2010 – despite an article on the transaction that appeared in Risk in 2003, and testimony from one Goldman official that Eurostat was told about the trades.

In a report published this month, Eurostat said it became aware of the transactions early last year and only resolved how the swaps should be treated in September 2010, after serial failur