Eurostat
Eurostat continues to deny knowledge of Greece-Goldman swaps
Published online only
Statistics body insists it only found out about the controversial cross-currency swaps between Greece and Goldman Sachs in 2010
Original headline:
Dealers want sovereign clients to start posting collateral, but European Union reporting rules make that tricky. Raising funds to post collateral would have an impact on national debt figures – and the...
Original headline:
Dealers want sovereign clients to start posting collateral, but European Union reporting rules make that tricky. Raising funds to post collateral would have an impact on national debt figures – and the...
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More Eurostat articles
Collateral could add billions to European debt figures
Published online only
Swedish debt figures set to grow by Skr15 billion as country falls in line with EU guidelines on collateral reporting - Belgium resisting two-way CSA over possible debt impact
Deutsche financing scheme for Riga left Latvia with $1 billion debt...
Published online only
A financing transaction arranged for Riga by Deutsche Bank shows how local authorities can lay their hands on spending money without reporting it as debt.
Binge then bust
Published online only
Politicians have recently expressed alarm at a cross-currency swap conducted between Greece and Goldman Sachs in 2001, which allowed the sovereign to reduce the debt it reported in its public accounts. But other examples now coming to light show the apparent...
Owed on a Grecian term
Published online only
In July 2003, Risk published an article revealing a cross-currency swap between Greece and Goldman Sachs in 2001 that had helped the Hellenic Republic reduce its public debt figures by several billion euros (Risk July 2003, pages 20–21). Over the past...
Greek woes focus attention on role of Eurostat
Published online only
Politicians are aghast that Greece used cross-currency swaps with Goldman Sachs in 2001 to reduce its debt by several billion euros without disclosing it, but bankers and other observers are calling for more scrutiny of the part played by a third actor...
Eurostat rules described 'Greek-type' swap
Published online only
The Luxembourg-based European statistics agency Eurostat reiterated today that it was unaware of the Greek Treasury's attempts to reduce the apparent size of its debt by using off-market swaps. But the controversial Greek deal with Goldman Sachs – which...
Greek woes revive seven-year old Goldman swap story
Published online only
A Risk magazine article, written in 2003, has now been picked up by Bloomberg, BusinessWeek, City AM, Reuters, Reuters's Felix Salmon, the Financial Times and the Independent, among others. It outlines the swap transaction Goldman Sachs completed for...
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