The Aged P

…just toasting and ruminating….

21 February
Comments Off on How Goldman Sachs Helped the Greeks Enter The Euro By Making Their Deficit “Disappear”

How Goldman Sachs Helped the Greeks Enter The Euro By Making Their Deficit “Disappear”

The BBC shows us how, just before Greece entered the Euro, Goldman Sachs and the Greek political elite cobbled together a dodgy deal to cover up the huge elephant in the room that was Greece’s debt and then how the EU financial “experts” looked around and pretended not to see it.

Their fingerprints and DNA are all over the room but, you see, it was all a misunderstanding and anyway it’s water under the bridge.

That sound? It’s Al Capone, turning in his grave out of sheer envy….

Or, as Adam smith might have said

Investment Bankers, politicians and EU officials seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public

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