Greek woes revive seven-year old Goldman swap story
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 Greece that is at the centre of today's controversy over the size of that nation's debt.
The Greek debt crisis has refocused attention on a controversial swap trade first reported by Risk in 2003. The deal, completed with Goldman Sachs in 2001
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