Forgotten History: How Goldman Sachs Helped Greece Destroy Itself

As Greece and the eurozone prepare for the worst (again), Goldman Sachs’ role in the country’s downfall has been largely forgotten, as is the much ignored fact that ECB President Mario Draghi was Vice Chairman and Managing Director at Goldman Sachs International between 2002 and 2005, the period immediately after the infamous swap arrangements were executed for the Greek government. .… Read More Forgotten History: How Goldman Sachs Helped Greece Destroy Itself

Forgotten History: Goldman Sachs and the Financial Destruction of Greece

Goldman Sachs’ actions at the turn of this century may not have lead directly to Greece’s ongoing financial demolition but they certainly played a role. Most importantly, through the execution of hideously complex currency swap agreements the U.S. investment bank allowed the Greek government to conceal the bleak reality of the country’s finances for nine long… Read More Forgotten History: Goldman Sachs and the Financial Destruction of Greece