International News
See other International News Articles
Title: Trojan horse of Goldman Sachs digs into eurozone
Source:
Pravada
URL Source: http://english.pravda.ru/business/f ... 1-2011/119672-goldman_sachs-0/
Published: Nov 21, 2011
Author: Vitaly Salnik
Post Date: 2011-11-21 01:41:27 by A K A Stone
Keywords: None
Views: 4872
Comments: 9
The German Christian Democratic Union (CDU) chaired by Angela Merkel urged to introduce changed in the Lisbon Treaty and other European agreements stipulating an opportunity for European countries to pull out from the eurozone. The countries would preserve their EU membership in such a move.
Greece has a new government, but it has not led to any positive changes. The problem of the national debt crisis remains the same. Western media paid attention to the fact that the newly appointed prime ministers of the problematic countries of the eurozone and the new chairman of the European Central Bank are closely related to Goldman Sachs Bank.
It goes about the President of the European Central Bank Mari Draghi, Greek Prime Minister Lucas Papademos and the new chairman of the Italian government, Mario Monti.
The head of the ECB, Mario Draghi, served as the vice president and the managing director of the European division of Goldman Sachs in 2002-2005. Dragi was in charge of financial swap sales, which gave an opportunity to conceal sovereign debts. Greece was manipulating statistics data after it found itself in the debt pit.
The public debt was growing most actively from 1994 to 2002, when sitting Prime Minister Lucas Papademos chaired the Central Bank of Greece.
In 2001, when Greece switched to the euro, Goldman Sachs assisted Athens in receiving a multi-billion-dollar loan. The transaction was registered as a currency conversion operation.
Manipulations with statistics gave Greece an opportunity to make everyone believe that the country was meeting the EU's requirements regarding the budget deficit. The Goldman Sachs technologies gave Greece an opportunity not to reflect the real state of affairs in statistics.
According to France's Le Monde, Prime Ministers Lucas Papademos and Mario Monti rose to power without elections as a result of establishment of the so-called governments of national unity, chaired by technocrats.
As for Mario Monti, he had served as a European Commissioner for anti-monopoly policies in 1994-2004. In 2005, he was appointed an international advisor at Goldman Sachs.
Le Monde referred to the three officials as "members of the European government of Goldman Sachs."
Now the European Commission wants written guarantees from Greece saying that the country will observe credit obligations.
German Chancellor Merkel said Tuesday that she wanted to obtain a legal right for Brussels to interfere in the budget politics of the states that violate fiscal discipline. In the meantime, Jim O'Neill, the chairman of Goldman Sachs Asset Management, stated that the eurozone countries could lose their confidence in the joint currency, pull out from the currency bloc and introduce national currencies instead.
Post Comment Private Reply Ignore Thread
Top • Page Up • Full Thread • Page Down • Bottom/Latest
#1. To: A K A Stone (#0)
MFGlobal not over. Corzine Still not in jail. Jeffries failing as I type.
You're reading Pravda now? Lolz comrade.
I find some interesting stuff there sometimes. I read far and wide. I don't agree with everything I post either.
Just curious. Do you see any facts in the article that are not actually facts?
I see nothing that supports the headline or even tries to explain it. What do you think they are trying to say?
Then you need your EYES checked. What does Stone need to do, draw you a map with a crayon? EVERY ONE of those guys is a Goldman-Sachs crony... Do you GET it now???? ((((eyeball roll*)))
DUMMY DwarF: ...I'm eating a meatball... "Whenver the dwarf sees something negative about a Democrat, he tries to change the topic of the thread to something else. Usually a personal attack, followed by mutterings about correct 'grammar' 'spelling' whatever. Anything he can think of to avoid a discussion about a Democrat screwing up or looking bad. It's a decade long pattern." --Badeye observation-- BFD...it sounds like these governments finally hired some competent people to get their finacial house in order. Good for them.
Clearly, you're not the brightest star in the sky. You're either a sheeple or a shill. My guess is the former. DUMMY DwarF: ...I'm eating a meatball... "Whenver the dwarf sees something negative about a Democrat, he tries to change the topic of the thread to something else. Usually a personal attack, followed by mutterings about correct 'grammar' 'spelling' whatever. Anything he can think of to avoid a discussion about a Democrat screwing up or looking bad. It's a decade long pattern." --Badeye observation-- No..I'm just not concerned about your jewish banker conspiracy theories. If Goldman Sachs can solve the Eurozone problems they have my blessing.
#2. To: A K A Stone (#0)
#3. To: Thunderbird (#2)
You're reading Pravda now?
#4. To: Thunderbird (#2)
#5. To: A K A Stone (#4)
Do you see any facts in the article that are not actually facts?
#6. To: Thunderbird, A K A Stone (#5)
I see nothing that supports the headline or even tries to explain it.
Capitalist Eric: Foreplay before the president's staff? 
#7. To: Capitalist Eric (#6)
EVERY ONE of those guys is a Goldman-Sachs crony...
#8. To: Thunderbird (#7)
BFD...it sounds like these governments finally hired some competent people to get their finacial house in order.
Capitalist Eric: Foreplay before the president's staff?
#9. To: Capitalist Eric (#8)
Clearly, you're not the brightest star in the sky.
Top • Page Up • Full Thread • Page Down • Bottom/Latest
[Home] [Headlines] [Latest Articles] [Latest Comments] [Post] [Mail] [Sign-in] [Setup] [Help] [Register]