Greece Debt Crisis (英语论文).docVIP

第 PAGE \* MERGEFORMAT 1 页 Greece Debt Crisis Abstract：In early October 2009, the Greek government suddenly announced that the 2009 government budget deficits and public debt as a percentage of gross domestic product ratio is expected to reach 12.7% and 113%, far exceeding the EU Stability and Growth Pact provides for 3% and 60% limit. In view of the Greek Governments fiscal position has deteriorated significantly, the worlds three major credit rating agencies Fitch, Standard Poors and Moodys have lowered Greeces sovereign credit rating, the Greek debt crisis kicked off. Key Word：Greek debt crisis Goldman Sachs European Union The New York Manhattan Broadway avenue, a new building brown office buildings, in addition to address had no other prominent symbol, it has 130 years of history of the investment bank Goldman Sachs group headquarters, Goldman Sachs have even some mysterious low-key, and now, a crisis for the pursuing of one hundred years of the spirit of the low exposure in under global financial perspective, this is the Greek debt crisis More and more public opinion in pointing at Goldman Sachs Greek debt crisis in the ignoble part in the Greek crisis at Goldman Sachs in the use of currency swaps and credit default swap contracts two financial tools director the Greek crisis In 2001, Greece joined the euro is worry, because according to the debt situation in Greece, Greece does not meet the requirements of the euro-zone members. According to the Maastricht Treaty signed in Europe in 1992, HYPERLINK /In order to join the euro a country must be a member of the European Union and be able to pass economic tests set out by the Maastricht Treaty_2Ein order to join the euro a country must be a member of the European Union and be able to pass economic tests set out by the Maastricht Treaty. the budget deficit can not exceed 3% of the gross domestic product and debt ratio of less than 60% of the gross domestic product. But then Greece can not meet these two condit