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Sovereign Wealth Funds Briefing - Categorized | Asset Allocation, Financials, Market

Greek deals hidden from EU probed as 400pct yield gap shows doubt

Posted on 08 September 2010

From Bloomberg: Norway’s sovereign wealth fund, the world’s second largest, said in August that it had bought Greek bonds, along with those from Spain and Portugal, because of higher yields and as those governments push to reduce their deficits.
The fiscal crisis turned attention to currency swaps arranged by Goldman Sachs Group Inc. that helped Greece hide the extent of its debt……………………………………….Full Article: Source


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