The 4th paragraph that begins with "In 2001, Greece was looking for ways to disguise its mounting financial troubles." is the most important. Let me translate this in plain English. Greece was looking for ways to deceive its EU partners about the true status of its balance sheet. Their preferred strategy was cross currency exchange. In cross currency exchange there are two willing partners. Since the goal of the Greek government was deceit, the search for the second participant had to be done away from the public eye. Anybody who thinks that the Greek government at that time was a victim of GS must be living in a parallel world. Doctors, lawyers and investment bankers will not divulge anything related to their patients or clients unless ordered in the court of law to do so. Faced with public accusations they can not even defend themselves.
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How Goldman Sachs Profited From The Greek Crisis
Gentlemen,
The 4th paragraph that begins with "In 2001, Greece was looking for ways to disguise its mounting financial troubles." is the most important. Let me translate this in plain English. Greece was looking for ways to deceive its EU partners about the true status of its balance sheet. Their preferred strategy was cross currency exchange. In cross currency exchange there are two willing partners. Since the goal of the Greek government was deceit, the search for the second participant had to be done away from the public eye. Anybody who thinks that the Greek government at that time was a victim of GS must be living in a parallel world. Doctors, lawyers and investment bankers will not divulge anything related to their patients or clients unless ordered in the court of law to do so. Faced with public accusations they can not even defend themselves.