(Bloomberg) — The European Central Bank may try to get European Union rules amended so that countries can’t use swaps to cut excessive budget deficits, capitalizing on a debate sparked by Goldman Sachs Group Inc.’s swap arrangements with Greece.European politicians have criticized Goldman Sachs after the Greek fiscal crisis turned attention to a currency swap the firm arranged in 2002 that helped Greece hide the extent of its budget deficit and overall debt level.
Posts Tagged ‘Greek Swap’
Goldman’s Greek Swap Spurs ECB to Seek New EU Deficit Rules
March 24th, 2010 
Before You Invest 
Posted in Finance Fraud 
Tags: Bank Of Greece, Budget Deficits, Central Banks, Cross Currency Swap, Debt Level, Ecb President, European Commission Spokesman, European Politicians, Excessive Budget, Fiscal Controls, Goldman Sachs, Goldman Sachs Group, Goldman Sachs Group Inc, Government Deficit, Greek Swap, Historical Exchange Rate, Jean Claude Trichet, Member Executive Board, National Bank Of Greece, Sachs Group Inc 
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