CDS: Just Another Evanescent Bubble?

Sunday, February 21st, 2010

More on the Greek debt crisis from Naked Capitalism: German Paper Says AIG May Have Sold CDS on Greece. That German paper would be the excellent business-sheet Handelsblatt, and the full translation of the article into English which that blog’s proprietor requests in her post follows after the jump.

UPDATE: Correction! Looking at that original German piece, it clearly comes originally from the Frankfurter Allgemeine Zeitung or FAZ – often called Germany’s own New York Times. I have noticed before how the two papers clearly have an arrangement allowing Handelsblatt to reprint certain FAZ material. Credit where it is due . . .
(more…)

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Jean Quatremer, Goldman Sachs, and Greece

Thursday, February 18th, 2010

Over on the financial blog Naked Capitalism today there are some very interesting links concerning the seemingly nefarious role Goldman Sachs has played in the recent past with the Greek government, that government’s attempts to both hide its debt and to find ways to fund it, and with the Eurozone in general.

The headline link is to a very revealing blogpost by Jean Quatremer, Brussels/European correspondent for the French newspaper Libération – but the link is only to the French original. Herewith my translation of that, after the jump, complete with the links Quatremer uses within his piece (other than when they go to Wikipedia or to general homepage sites): (more…)

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