Goldman Sachs’ role in killing democracy across Europe


by Guest    
10:50 am - November 16th 2011

      Share on Tumblr

contribution by Josh Ryan-Collins

Early last year, the investment bank Goldman Sachs came under massive criticism for helping Greece raise $1 billion of off-balance-sheet funding in 2002 through a ‘currency swap’.

EU regulators apparently knew nothing about until February 2010.

At the time, Goldman was criticised for helping the Greek financial situation appear considerably better than it actually was, making it easier for the country to enter the Euro. After the Enron scandal in 2005, Goldman sold the swap to the National Bank of Greece.

Over the last ten days, two democratically elected leaders of sovereign European states were forced from office without any form of consultation with their people. At the same time, the new President of the European Central, Mario Draghi was put in to place.

Astonishingly, all three men have strong links to Goldman, as revealed in this Le Monde article.

Draghi was vice-president of Goldman Sachs Europe between 2002 and 2005. He was responsible for “companies and sovereign” which oversaw, among other things, the “currency swap” deals (Draghi denies he was involved in the Greek one).

But at least Draghi was appointed to post in the expected fashion. Greek premier George Papandreou made the mistake of attempting to give some democratic legitimacy to his departure by offering a referendum. He was forced to resign. His replacement, Lucas Papademos, was in charge of the Greek Central Bank from 1994 until 2002 and thus oversaw Goldman’s “swap” deal.

Elsewhere, Silvio Berlusconi has been replaced by Mario Monti, ‘international adviser’ to Goldman since 2005 (a post he immediately resigned upon taking office).

Writing in the Atlantic magazine in May 2009, Simon Johnson, ex-Chief Economist at the IMF, wrote:

Elite business interests – financiers, in the case of the US – played a central role in creating the crisis, making ever-larger gambles, with the implicitly backing of the government, until the inevitable collapse. More alarming, they are now using their influence to prevent precisely the sorts of reforms that are needed, and fast, to pull the economy out of its nosedive. The government seems helpless, or unwilling, to act against them.

Some serious questions must now be asked about democracy in the Eurozone. What Draghi, Monti and Papademos also have in common is that they are classically trained orthodox economists who have spent a good part of their lives working for the European bureaucracies and banks that have bought about this disaster.

These so called ‘technocrats’, bought in to calm the markets, are not proposing alternative policies.

Instead, they are proposing a policy formula we know doesn’t work: massive cuts in public expenditure and the welfare state, along with regressive tax rises, can only ever harm demand and growth, drive unemployment, increase inequality and economic insecurity, weaken monetary sovereignty and eventually lead to the removal of fiscal (tax and spend) powers.

Meanwhile, talk of breaking up the banks, regulating them more effectively or even imposing a tiny financial transaction tax remains, largely, talk. These guys may have Goldman Sachs’ vote, but I doubt they have that of the European people.


Josh Ryan-Collins is a Senior Researcher, Finance & Business at New Economics Foundation. Longer post here.

    Share on Tumblr   submit to reddit  


About the author
This is a guest post.
· Other posts by


Story Filed Under: Blog ,Economy ,Europe ,Foreign affairs

Sorry, the comment form is closed at this time.


Reader comments


1. the a&e charge nurse

The biggest bank robbery in history?
http://www.youtube.com/watch?v=66y2bxydu9I

Astonishingly financiers have link to bank! Goldman’s, if it is an issue at all in a very minor one in this particular, it’s the EU, ECB, etc that have given democracy a kicking.

“In Goldman Sachs We Trust”: chapter 4 of The Great Crash 1929.

And they’re still at it 82 years later.

4. cynicalHighlander

Let’s remember, in Europe, democracy brought us Berlusconi in Italy and Papandreou in Greece. In America, it brought us GW Bush and Donald Rumsfeld before it brought us Barak Obama instead of John McCain and Sarah Palin. In Britain, it bought us Tony Blair – who would have had us join the Eurozone but for Gordon Brown.

As Churchill aptly put it, democracy is the worst form of government apart from all the others.

Democracy is neither needed nor required for capitalism to function. If you don’t already know this, you should really pay more attention.

Early last year, the investment bank Goldman Sachs came under massive criticism for helping Greece raise $1 billion of off-balance-sheet funding in 2002 through a ‘currency swap’.

EU regulators apparently knew nothing about until February 2010.

At the time, Goldman was criticised for helping the Greek financial situation appear considerably better than it actually was, making it easier for the country to enter the Euro. After the Enron scandal in 2005, Goldman sold the swap to the National Bank of Greece.

So the then-Greek government are to blame

two democratically elected leaders of sovereign European states were forced from office without any form of consultation with their people.

Presumably then it was a bad thing when both Thatcher and Blair were forced out…

Greek premier George Papandreou made the mistake of attempting to give some democratic legitimacy to his departure by offering a referendum. He was forced to resign.

Due to being unable to get a majority in the Greek Parliament to vote for the referendum.

His replacement, Lucas Papademos, was in charge of the Greek Central Bank from 1994 until 2002 and thus oversaw Goldman’s “swap” deal.

So the then-Greek government *is* to blame.

By the why, who wrote this piece?

No real surprise, they have helped kill democracy in the US, so why not Europe.

Obama has ex Sachs ‘ masters of the universe’ types doing everything they can to make sure the bankers pay no price for the ir wrong doing. These were the same people who lobbied the govt for deregulation claim8ng that bankers would never do anything to hurt their businesses. The usual self regulation hot air preached by the gormless free market trolls.

I cannot see that Goldman Sachs has done anything at all to harm democracy.

First it gets involved in some shady dealings at the behest of a democratic government.

Then when prime ministers are ousted and central bankers replaced, without going to the polls but within the rules of the democracies / institutions in question, the three individuals have links to Goldman Sachs. Now, that may be a cause for concern in itself, but there is absolutely nothing Goldman Sachs has done to undermine democracy.

@7 Why is someone who takes an opposing position to you a troll? Its a completely arrogant assumption and also ridiculous, because logically that also makes you a troll.

Have you ever got anything to add to any discussion other than childish name calling?

11. the a&e charge nurse

[8] “I cannot see that Goldman Sachs has done anything at all to harm democracy” – aren’t GS, along with other banks, complicit in a ponzi scheme that has contributed in no small measure to the economic collapse in europe and america?
http://www.youtube.com/watch?v=UhfvE9bNls4

Finances in Europe are in dire straits and this has led to all manner of harm for ordinary people in Greece, Ireland, Spain, Portugal and Italy – there is a smoking gun, and the banks are holding it?

Despite the harm, the banks still have no sense of proprietary and continue to reward themselves with humungus bonuses – presumably they are too busy patting themselves on the back to see why half of Europe is up in arms?

Steal a bottle of water during a riot and the state will put you in jail – rip off billions from taxpayers and the state says, err, how much cash would you like.

12. Luis Enrique

a&e

I think: yes the banks are responsible for the (first) financial crisis, no, they are not responsible for the EZ crisis, yes bankers still make too much money. What’s being done in Europe is being done without consent of electorate, but that’s to do with nature of European political system, not Goldman Sachs.

I don’t buy crap about central banks being ponzi schemes etc.

@10 – Well there is a solution – a very small state. Any large concentration of power has a likely-hood approaching 1 of becoming corrupt.

The announcement that Prime Minister Monti has announced an entirely unelected government certainly suggests a chillingly cavalier attitude about democracy whether or not Goldman Sachs are involved. This is too important a matter for the people to decide? Good grief, I almost believe UKIP were right about the EU being anti-democratic!

12 Bollocks.

The small state trolls always push this fantasy that a small state will allow power to flow to all parts. It is the same trickle down clap trap. We tried it berfore, it helped create socialsm such was its failure. Rotten boroughs, employers bullying their employees, interfering with their private lives. Little or no days off, long hours, and a prison camp (sorry work house) to keep people in line.

What we need is for politicans to get back the powers they have given away to corporations in the name of free trade. We also need to have public executions of crooked bankers and businessmen. And long prison sentences for tax evaders.

The people who oppose Sally aren’t trolls – they’re ToryButlerBrownshirtz ™

Although weirdly Sally is correct that the small staters are wrong.

As for @13 Cherub, this is actually relatively common in Italy, technocratic governments ruled most of the period between 92 and 96. Largely as a product of chronic instability and deadlock. It also happens in other countries.

@16 – No one is wrong, peopole have different opinions, and describing someone as a troll suggests that their opinion is purely to wind people up.

18. Leon Wolfson

@2 – The democratically-controlled EU has given itself a kicking, as opposed to the unelected, unaccountable, too-big-to-fail banks.

Mm-hum. 1%er.

@13 – That’s an argument against allowing the type of multi-nationals you worship, as well. If you agree to split up all companies with over 1000 employees, and that any over 50 must have 51% worker ownership and I’ll agree the state’s too large.

Equivalents…

19. the a&e charge nurse

[14] “The announcement that Prime Minister Monti has announced an entirely unelected government certainly suggests a chillingly cavalier attitude about democracy whether or not Goldman Sachs are involved” – they ARE ‘involved’ at least to the extent the fall of the banks directly contributed to the political unrest in Europe.

It has certainly been claimed that the GS subverted the role of democratic institutions in the US during the banks bail out?
http://www.youtube.com/watch?v=Ek7zc0lJxbM

20. the a&e charge nurse

GS are no better than crack dealers selling drugs to those with various sorts of financial dependencies – a process that will do little to foster true democracy because so many political figures are ow operating in a climate of fear.
http://www.youtube.com/watch?v=yQpSq8dkzfg&feature=related

@ Leon (18) – Worship? Yes, I must be brief, I have to go and polish my statue of Mammon, he gets testy if I don’t lick his sandalled feet on the hour.

With the exception of monopoly positions, (and even they rarely last long unless government supported), the biggest problem we have with large corporations is that they influence the government to legislate and regulate in a way beneficial to them. Particularly re the simple weight of regulation which a large, established business can much more easily bear than a small start up.

The only way that you can stop corporate capture of government is to remove the incentive to capture – hence a small state. It doesn’t require me to follow you into crushing freedom of association and random theft from anyone who has built up a business.

22. Leon Wolfson

@21 – Excuses. If big governments are “anti-democratic”, than large corporations are worse. Your argument is thus nothing to do with democracy and everything to do with a self-serving reduction in services to anyone outside the 1%.

That a big company might lobby in healthcare isn’t a reason, as you argue, to abolish the NHS, but to limit lobbying and have transparency so attempted manipulation shows up, and heavy penalties FOR that manipulation.

But no, you’d just abolish the NHS. 1%ers are SO easy to spot!

And random theft? That’d be the orgcrime who will fill the gap the government’s abdicated in your world.

I’m more worried about us being owned by the Germans & they are nearly there.
They didn’t win the war but they have still almost won!!

Germany is dominating Europe

Leon the difference, the astonishingly obvious difference at that, is that you don’t have to have anything to do with a corporation whereas you can’t disengage from the state. Don’t buy company X’s products? Company X has very slightly less money. Don’t pay your taxes/break regulations/etc? Go to goal.

“limit lobbying and have transparency so attempted manipulation shows up, and heavy penalties FOR that manipulation.”

Have transparency by all means, very good idea. Remove people’s freedom to talk to their MP? (for that is what limiting lobbying means) You must be barking.

Re the NHS – I certainly didn’t bring it up in this thread and it shouldn’t be abolished becauseof worries that big companies might lobby. It should be abolished because it’s a rotten way to provide universal healthcare; several of the European countries have much better systems and we should adopt one them.

25. Leon Wolfson

@24 – “Remove people’s freedom to talk to their MP? (for that is what limiting lobbying means)”

No, it doesn’t. You’re lying in your typical 1%er style as ever. You literally can’t comprehend a world where there are limits on major corporate abuses, and it’s telling.

“I certainly didn’t bring it up in this thread”

Nope, but I’ll apply your logic processes to it. It is no magic flower, after all. You’ve clearly argued for abolishing universal healthcare.

“several of the European countries have much better systems”

Let’s see – Belarus? Kazakhstan? Ukraine?

“No, it doesn’t. You’re lying in your typical 1%er style as ever. You literally can’t comprehend a world where there are limits on major corporate abuses, and it’s telling.”

Oh I see. You think there’s some magical system of limiting access to MPs that doesn’t in fact limit access to MPs. That I support a way to limit corporate abuses that has a snowballs chance in hell of working rather than your rabid drivelings does not make me a liar. Not that it should make any difference to the argument but can also assure you that I am very far indeed from being in the top one percent of earners.

“You’ve clearly argued for abolishing universal healthcare.”

You’ve clearly said goodbye to Mr Sane.

“Let’s see – Belarus? Kazakhstan? Ukraine?”

Try France, try Holland, try removing your head from your arse.

This post has, surprisingly, been used by James “saviour of Western civilisation” Delingpole for his latest rantfest over at the bear pit that is Maily Telegraph blogland.

Del Boy must be feeling unwell. He’s talking about finding common ground with those on the left.

28. Leon Wolfson

@26 – “You think there’s some magical system of limiting access to MPs that doesn’t in fact limit access to MPs.”

It’s almost like the means corporations use to influence MP’s is quite different from those the public do. Wait, it IS. Moreover, MP’s have a responsibility to the people, not to corporate special interests.

You’re arguing purely for special interests. What a surprise!

And not only are you a 1%er, you’re a rude, lying 1%er.

“You’ve clearly said goodbye to Mr Sane.”

Nope, I’m using YOUR policies. Of course you deny the CONSEQUENCES of your calls. Can’t be having none of those!

“Try France, try Holland”

Great, so how does *increased* health spending match your calls for reducing government? Oh wait, it doesn’t. Fundamental mis-match!

The headline of the article appears to be totally disconnected from anything said in the article. The headline would not be out of place on some paranoid right wing site ranting about the Jews.

It iz the international Jewish conspiracy to take over the world iz wot is behind subverting democracy.

30. Leon Wolfson

@29 – You mock, but the number of people out there who DO believe that…

I’m not going to bother addressing the rest, a meeting of minds would require you to have one. However, this does intrigue me: “And not only are you a 1%er, you’re a rude, lying 1%er.”

Really? What, even in the muddle that is your head, do you mean by this? Have you been secretly spying on me through transcendental meditation and found a vast source of income that I’m due but don’t know about? Have you just been told this by the pixies that live under your bed? What, in the name of the seven hells, are you on about?

32. Leon Wolfson

“What, in the name of the seven hells, are you on about?”

Who benefits? It’s quite simple. And why am I not surprised you’re a Satanist.

31 – I used to think Leon Wolfson was a serious contributor but sadly I’m coming to the conclusion that his tone is deliberately inflammatory.

Richard @ 33:

“I used to think Leon Wolfson was a serious contributor but sadly I’m coming to the conclusion that his tone is deliberately inflammatory.”

He used to be, if not completely serious, at least not noticeably worse than the majority of the posters on this site. Recently, though, he seems more interested in trolling than in actual discussion. Probably best to just ignore him.

From Bloomberg “JPMorgan Chase & Co. (JPM) and Goldman Sachs Group Inc. (GS), among the world’s biggest traders of credit derivatives, disclosed to shareholders that they have sold protection on more than $5 trillion of debt globally.

Just don’t ask them how much of that was issued by Greece, Italy, Ireland, Portugal and Spain, known as the GIIPS.

As concerns mount that those countries may not be creditworthy, investors are being kept in the dark about how much risk U.S. banks face from a default. Firms including Goldman Sachs and JPMorgan don’t provide a full picture of potential losses and gains in such a scenario, giving only net numbers or excluding some derivatives altogether.

“If you don’t have to, generally people don’t see the advantage to doing it,” said Richard Lindsey, a former director of market regulation at the U.S. Securities and Exchange Commission who worked at Bear Stearns Cos. from 1999 through 2006. “On the other hand, if there were a run on Goldman Sachs tomorrow because the rumor was that they had exposure to Greece, you’d see them produce those numbers.”

As I keep telling you this NOT a sovereign debt crises. This a banking crises. And elites don’t want to sacrifice. That is why they want Austerity for the little people.

It becomes more clear each day why banker technocrats are taking over country’s. Banks must be protected at all costs, other wise the elites get very cross.

37. Leon Wolfson

@33 – I’m an actual left winger, of course you think that!

Gotta keep things friendly for the right. (Sigh)

33 Nobody is remotely interested in your concern trolling routine.

39. Frances_coppola

Extraordinary amount of ill-tempered and unconstructive sparring going on in this thread….

Anyway, to return to the post. It’s quite simple really. Yes, Goldman appears to be staging a gradual takeover of distressed Eurozone governments. No, Goldman is not attacking democracy. The Eurozone “powers” that are forcing regime change on member countries are. The anti-democrats can be found in Frankfurt.

Of course the seriously paranoid among you probably want to believe that Goldman has captured the Frankfurt group and they are meekly reorganising Eurozone politics to further Goldman’s ambition for world domination. You may be right. But that strikes me as an unnecessarily complex explanation for really quite a straightforward issue: electorates in distressed countries don’t like austerity being forced upon them, weak governments give in to their electorates, and markets don’t trust politicians that don’t speak their language. Solution: replace a weak elected government with a strong (because Frankfurt-backed) unelected government, and make it look good to markets by populating it with people who speak their language. Simples.

40. Leon Wolfson

@39 – There’s never a conspiracy. Austerity is a screw-up. A counter-productive panic reaction to the markets moving on different time-scales to country’s general economies.

41. So Much For Subtlety

39. Frances_coppola

Solution: replace a weak elected government with a strong (because Frankfurt-backed) unelected government, and make it look good to markets by populating it with people who speak their language. Simples.

Of course in the old days the Army did this, not the Germans and the ECB.

With luck no one will get thrown out of a plane or tortured.

But it is a little odd no one much is commenting on it. We have just seen the democratically elected Italian government replaced in a putsch by people who have never stood for election to anything. Not one of them.

Frankly I think I prefer it when the Army does it.

The real question is why. The English speaking world tends to have a fiscally responsible Conservative party hanging around ready to take power before it gets this bad. The Italians and the Greeks don’t. Hence the need for the coup. But what is wrong with the European Right?

42. Frances_coppola

@41 SMFS

I’ve seen quite a lot of comment on it, but mostly from the UK right, who seem to be universally agreed that these governments have no democratic legitimacy and should be taken out and shot. I agree that the European right is strangely silent. Wonder why?

I’ve no doubt the Colonels are watching…..

43. Leon Wolfson

@41 – Ah yes, because there are far right killers ready to overthrow governments it’s all fine and dandy in ENGLISH speaking countries, with REAL people.

Yea, that’s you RIGHT THERE.

@ 40 Leon Wolfson

Ok, so you clearly think austerity is bad. Tell me what a country should do instead, in the context of being a country with huge outstanding debts, an 8% budget deficit and, high financing costs and no-one really willing to lend to it.

Please, I (and half of europe) would love to know your solution,

39. Frances_coppola

” Solution: replace a weak elected government with a strong (because Frankfurt-backed) unelected government, and make it look good to markets by populating it with people who speak their language. Simples. ”

That was the theory, but it ain’t working. The whole EZ repo market is grinding to a halt as haircuts increase on all EZ sovereigns outside of bunds. How the hell can France be triple A with a CDS of 226? Asset managers are liquidating all EZ sovereign exposure apart from Germany and the Netherlands. If the French yield goes over 4%, hold onto your hat.

@36, @37, @38

Golly gosh, its a Sally and Leon sandwich, im outta here those things are bad for your health.

47. Frances_coppola

@45 Richard W

That just shows markets aren’t so easily fooled.

Goldman Sachs’s influence in decision-making circles cannot be disputed. And their role in the Euro-Greek-Spanish-you name it-crisis is certainly, er, clear (if we may say so).
The other side of the coin is the role of the Eurocracy, and the broader European elite, which dominates in most political parties across the EU. As STRATFOR puts it in a very insightful analysis:
“As important, if Europe is perceived as failing because the European elite failed, and the European elite is perceived as defending the European idea as a means of preserving its own interests and position, then the public’s commitment to the European idea — never as robust as the elite’s commitment — is put in doubt.”

Read more: Europe’s Crisis: Beyond Finance | STRATFOR on http://www.stratfor.com/weekly/20111114-europes-crisis-beyond-finance.

Talking about the arrogance of Euro (and German, but it might be French) elites:

German finance minister predicts the end of…. the British pound (no joke! Geman humour, probably)
Schaeuble said. “We must keep the euro stable.”

The more successful this is, the faster others outside the eurozone will perceive the benefits of the common currency, according to Schäuble. It will still take a little while. But one day the whole of Europe will have a currency.

“This might happen more quickly than many people believe today on the British island.”
From Die Welt, quoted in the Guardian online:
http://www.guardian.co.uk/business/blog/2011/nov/18/eurozone-crisis-spain-markets-cameron-merkel

So now… how can we stop Goldman Sachs?
Since we know them, as their board is public…

Shall people hunt them down and kill them?
They seem to have tenticles everywhere and manage to corrupt everything in their way.
The democratic process does not work, when corrupted.

Any good idea…
I searched the web, but I do not see any solutions presented.


Reactions: Twitter, blogs
  1. Liberal Conspiracy

    Goldman Sachs' role in killing democracy across Europe http://t.co/3vqsd09S

  2. Samuel West

    Goldman Sachs' role in killing democracy across Europe http://t.co/3vqsd09S

  3. Simon Kelly

    Goldman Sachs' role in killing democracy across Europe http://t.co/3vqsd09S

  4. Gael

    RT @libcon: Goldman Sachs' role in killing democracy across Europe http://t.co/arj9jTJR

  5. Judith Flanders

    The lunatics run the asylum. I wish I cld still be shocked RT @libcon Goldman Sachs' role in killing European democracy http://t.co/SO4F2OOb

  6. Gael

    A must read : Europe & the Euro : http://t.co/0thQVOH4

  7. Steve Green

    Goldman Sachs' role in killing democracy across Europe http://t.co/3vqsd09S

  8. Paul Wood

    Goldman Sachs' role in killing democracy across Europe http://t.co/3vqsd09S

  9. Jon S

    Both of Europe's new unelected leaders, plus the head of Europe's Central Bank, have all worked for Goldman Sachs. http://t.co/ChwT46Or

  10. Michael Marziano

    Both of Europe's new unelected leaders, plus the head of Europe's Central Bank, have all worked for Goldman Sachs. http://t.co/ChwT46Or

  11. David Aldridge

    Do you think this world is a democracy? Think again!! http://t.co/GqrBAbrd

  12. Richard Williams

    A must read : Europe & the Euro : http://t.co/0thQVOH4

  13. Sarah C

    Both of Europe's new unelected leaders, plus the head of Europe's Central Bank, have all worked for Goldman Sachs. http://t.co/ChwT46Or

  14. Barrie Williams

    RT @chris_coltrane: Both of Europe's new unelected leaders & head of Europe's Central Bank all worked for Goldman Sachs http://t.co/VxHEwOOY

  15. TIME FOR CHANGE!

    RT @chris_coltrane Europe's new unelected leaders, plus head of Europe's Central Bank have all worked for Goldman Sachs http://t.co/Q78RLIqk

  16. William Robehod

    RT @chris_coltrane Europe's new unelected leaders, plus head of Europe's Central Bank have all worked for Goldman Sachs http://t.co/Q78RLIqk

  17. Amster

    Both of Europe's new unelected leaders, plus the head of Europe's Central Bank, have all worked for Goldman Sachs. http://t.co/ChwT46Or

  18. Ian Fraser

    .@LibCon: #GoldmanSachs is killing European democracy http://t.co/cJPUgO6F (Baillie Gifford CIO James Anderson on $GS http://t.co/2enpM72J)

  19. John Finucane

    Goldman Sachs a very nasty company indeed. http://t.co/exJLeL2U Thieves robbers and now DICTATORS coming to a country near you. WARNING.

  20. Conscious Objector

    Goldman Sachs' role in killing democracy across Europe http://t.co/3vqsd09S

  21. Alex Marsh

    Goldman Sachs' role in killing democracy across Europe http://t.co/3vqsd09S

  22. Cosmic Landmine

    Both of Europe's new unelected leaders, plus the head of Europe's Central Bank, have all worked for Goldman Sachs. http://t.co/ChwT46Or

  23. Brian Stedman

    .@LibCon: #GoldmanSachs is killing European democracy http://t.co/cJPUgO6F (Baillie Gifford CIO James Anderson on $GS http://t.co/2enpM72J)

  24. WonnaBluvd

    Both of Europe's new unelected leaders, plus the head of Europe's Central Bank, have all worked for Goldman Sachs. http://t.co/ChwT46Or

  25. John Finucane

    Both of Europe's new unelected leaders, plus the head of Europe's Central Bank, have all worked for Goldman Sachs. http://t.co/ChwT46Or

  26. chris mcdermott

    Both of Europe's new unelected leaders, plus the head of Europe's Central Bank, have all worked for Goldman Sachs. http://t.co/ChwT46Or

  27. laurenjbarnes

    Both of Europe's new unelected leaders, plus the head of Europe's Central Bank, have all worked for Goldman Sachs. http://t.co/ChwT46Or

  28. Kevin Peters

    Both of Europe's new unelected leaders, plus the head of Europe's Central Bank, have all worked for Goldman Sachs. http://t.co/ChwT46Or

  29. Anton Andreasson

    Goldman Sachs' role in killing democracy across Europe http://t.co/3vqsd09S

  30. michaelschiltz

    Goldman Sachs' role in killing democracy across Europe http://t.co/3vqsd09S

  31. Phil Randal

    Both of Europe's new unelected leaders, plus the head of Europe's Central Bank, have all worked for Goldman Sachs. http://t.co/ChwT46Or

  32. Gregg

    Both of Europe's new unelected leaders, plus the head of Europe's Central Bank, have all worked for Goldman Sachs. http://t.co/ChwT46Or

  33. Damon Keaton

    Both of Europe's new unelected leaders, plus the head of Europe's Central Bank, have all worked for Goldman Sachs. http://t.co/ChwT46Or

  34. michjperry

    Goldman Sachs' role in killing democracy across Europe http://t.co/3vqsd09S

  35. Alex Coles

    Both of Europe's new unelected leaders, plus the head of Europe's Central Bank, have all worked for Goldman Sachs. http://t.co/ChwT46Or

  36. Max Tillich

    Both of Europe's new unelected leaders, plus the head of Europe's Central Bank, have all worked for Goldman Sachs. http://t.co/ChwT46Or

  37. Scott Groves

    Both of Europe's new unelected leaders, plus the head of Europe's Central Bank, have all worked for Goldman Sachs. http://t.co/ChwT46Or

  38. Patrick Renner

    Both of Europe's new unelected leaders, plus the head of Europe's Central Bank, have all worked for Goldman Sachs. http://t.co/ChwT46Or

  39. Hywel N. Arnold

    Goldman Sachs' role in killing democracy across Europe http://t.co/3vqsd09S

  40. Kit

    Both of Europe's new unelected leaders, plus the head of Europe's Central Bank, have all worked for Goldman Sachs. http://t.co/ChwT46Or

  41. Polittiscribe

    Draghi, Monti & Papademos were at the heart of the deceit which sank Greece & the Euro… and why we need democracy. http://t.co/7cx7byZg

  42. Michel Jansen

    Both of Europe's new unelected leaders, plus the head of Europe's Central Bank, have all worked for Goldman Sachs. http://t.co/ChwT46Or

  43. Michael A Muehleisen

    Both of Europe's new unelected leaders, plus the head of Europe's Central Bank, have all worked for Goldman Sachs. http://t.co/ChwT46Or

  44. Jennie Kermode

    Worries about the suspension of democracy in some parts of Europe may grow a little stronger in light of this: http://t.co/CFDJcg2I

  45. Duncan Hothersall

    Depressing, angering but can't honestly be called surprising: Goldman Sachs’ role in killing democracy across Europe http://t.co/WOui1wsa

  46. KAAL Group

    Depressing, angering but can't honestly be called surprising: Goldman Sachs’ role in killing democracy across Europe http://t.co/WOui1wsa

  47. Nick H.

    Goldman Sachs' role in killing democracy across Europe http://t.co/3vqsd09S

  48. Natacha Kennedy

    Worries about the suspension of democracy in some parts of Europe may grow a little stronger in light of this: http://t.co/CFDJcg2I

  49. mark

    Worries about the suspension of democracy in some parts of Europe may grow a little stronger in light of this: http://t.co/CFDJcg2I

  50. Sasha C. Damjanovski

    Worries about the suspension of democracy in some parts of Europe may grow a little stronger in light of this: http://t.co/CFDJcg2I

  51. No Jury No Justice

    Depressing, angering but can't honestly be called surprising: Goldman Sachs’ role in killing democracy across Europe http://t.co/WOui1wsa

  52. R. Ville

    COUNTRIES FOR SALE – goldman sachs’ role in killing democracy across Europe http://t.co/z2abTD3e @libcom via @jennie_kermode

  53. R. Ville

    COUNTRIES FOR SALE – goldman sachs’ role in killing democracy across Europe http://t.co/z2abTD3e @libcon via @jennie_kermode

  54. Alex Braithwaite

    Goldman Sachs’ role in killing democracy across Europe | Liberal Conspiracy http://t.co/XBJjncb0 via @libcon

  55. StarSparkle

    Goldman Sachs’ role in killing democracy across Europe | Liberal Conspiracy http://t.co/XBJjncb0 via @libcon

  56. carboncoach

    Goldman Sachs’ role in killing democracy across Europe | Liberal Conspiracy http://t.co/XBJjncb0 via @libcon

  57. Jane

    Goldman Sachs’ role in killing democracy across Europe | Liberal Conspiracy http://t.co/XBJjncb0 via @libcon

  58. Cosmic Landmine

    Goldman Sachs’ role in killing democracy across Europe | Liberal Conspiracy http://t.co/XBJjncb0 via @libcon

  59. Brian Johnson

    Goldman Sachs' role in killing democracy across Europe http://t.co/3vqsd09S

  60. Stephen Douglas

    Goldman Sachs' role in killing democracy across Europe http://t.co/3vqsd09S

  61. Andy S

    Goldman Sachs' role in killing democracy across Europe http://t.co/RuOfSOAC (via @libcon)

  62. Alastair Sutherland

    Worries about the suspension of democracy in some parts of Europe may grow a little stronger in light of this: http://t.co/CFDJcg2I

  63. Bram de Vries

    Both of Europe's new unelected leaders, plus the head of Europe's Central Bank, have all worked for Goldman Sachs. http://t.co/ChwT46Or

  64. Should technocrats run Italy and Greece?

    [...] problem isn’t with the fact that the men in question aren’t ideologically neutral, as some have complained. Rather, it’s because economics does not provide an objective framework for getting out of this [...]

  65. Molly

    Goldman Sachs' role in killing democracy across Europe http://t.co/3vqsd09S

  66. Ian Kerr

    Goldman Sachs' role in killing democracy across Europe http://t.co/3vqsd09S

  67. Goldman Sachs rules the world – Telegraph Blogs

    [...] can agree that these developments are not healthy. Here is the take on it from a blogger at Liberal Conspiracy (not normally considered Telegraph Blogs' ideological soulmate): Some serious questions must now be [...]

  68. JamieSW

    Goldman Sachs' role in killing democracy across Europe http://t.co/3vqsd09S

  69. Jenkins

    Goldman Sachs' role in killing democracy across Europe http://t.co/3vqsd09S

  70. Timothy James Holden

    Goldman Sachs' role in killing democracy across Europe http://t.co/3vqsd09S

  71. Adele Bailey

    Lucas Papademos, was in charge of the Greek Central Bank from 1994 until 2002 and thus oversaw Goldman’s “swap” deal. http://t.co/ScQEzWdt

  72. Helen M McLean

    “@chris_coltrane: Europe's new unelected leaders, & head of Europe's Central Bank, all worked for Goldman Sachs http://t.co/UyPhoXRz” READ!

  73. Lorcan Despanais

    Goldman Sachs' role in killing democracy across Europe http://t.co/3vqsd09S

  74. hegemonychange

    Goldman Sachs’ role in killing democracy across Europe | Liberal Conspiracy http://t.co/W5jGUqJX via @libcon

  75. hegemonychange

    Goldman Sachs’ role in killing democracy across Europe http://t.co/h6U8pp51 The Vampire Squid,& similar,are mortal enemies of the 99%! #OWS

  76. Banker Coup: Goldman Sachs Takes Over Europe « All-out US-China nuclear war, looming, to wipe out one-fourths of the earth.

    [...] can agree that these developments are not healthy. Here is the take on it from a blogger at Liberal Conspiracy (not normally considered Telegraph Blogs’ ideological soulmate): Some serious questions must [...]

  77. tua

    #FineGaelToday #sinne fein #Labour Ireland NEVER SELL Assts In Time As This http://t.co/G1wkqiZa http://t.co/FNNQOvrG http://t.co/ws5QrYKG

  78. tua

    #sinnfeinireland NEVER SELLAssts AT Such TIme http://t.co/G1wkqiZa http://t.co/ws5QrYKG All Party Decision How to Leave Euro-To the Aras..

  79. Damon Keaton

    Goldman Sachs’ role in killing democracy across Europe | Liberal Conspiracy http://t.co/8RwLCH8s via @addthis

  80. tua

    #LabourIreland Try this the machine gliching http://t.co/ws5QrYKG Best of Luck Tough Days

  81. Patrick Torsney ?

    Disturbing article on Eurozone technocrats + Goldman Sachs. Particularly in light of the Cameron/Branson marriage today http://t.co/b6HjEVdI

  82. Ebony Dawn Marsh

    Disturbing article on Eurozone technocrats + Goldman Sachs. Particularly in light of the Cameron/Branson marriage today http://t.co/b6HjEVdI

  83. McBlondeLand

    Disturbing article on Eurozone technocrats + Goldman Sachs. Particularly in light of the Cameron/Branson marriage today http://t.co/b6HjEVdI

  84. Lily

    Disturbing article on Eurozone technocrats + Goldman Sachs. Particularly in light of the Cameron/Branson marriage today http://t.co/b6HjEVdI

  85. Dirghayu Patel

    Disturbing article on Eurozone technocrats + Goldman Sachs. Particularly in light of the Cameron/Branson marriage today http://t.co/b6HjEVdI

  86. R. v. Finckendorff

    Goldman Sachs’ role in killing democracy across Europe | Liberal Conspiracy http://t.co/BTWuOtgv via @libcon

  87. Huw Spanner

    Goldman Sachs’ role in killing democracy across Europe: http://t.co/7DYSQBon

  88. britesprite

    RT @huwspanner: Goldman Sachs’ role in killing democracy across Europe: http://t.co/eqGjjR6f // the truth. absolutely.

  89. ??????

    Goldman Sachs’ role in killing democracy across Europe http://t.co/mj4zZubT The Vampire Squid,& similar,are mortal enemies of the 99%! #OWS

  90. Andreas Baader

    Goldman Sachs’ role in killing democracy across Europe | Liberal Conspiracy http://t.co/6yBKg3rE via @libcon

  91. Wilma Broer-Heersink

    Goldman Sachs’ role in killing democracy across Europe | Liberal Conspiracy http://t.co/aSakBkhc via @libcon

  92. Black Triangle

    "Over the last ten days, two democratically elected leaders of sovereign European states were forced from office… http://t.co/xBt2LFC0

  93. Peterloo

    "Over the last ten days, two democratically elected leaders of sovereign European states were forced from office… http://t.co/xBt2LFC0

  94. PoliticsUK

    "As Greece, Italy and the European Central Bank appointed new leaders in the midst of the worsening Euro crisis,… http://t.co/jtvUFAnL

  95. Mark Caudery

    Goldman Sachs’ role in killing democracy across Europe | Liberal Conspiracy http://t.co/eHlgbrAb via @libcon

  96. Morgan Dalton

    Goldman Sachs’ role in killing democracy across Europe | Liberal Conspiracy http://t.co/DcjQ92Vd via @libcon

  97. julie daniels

    RT @libcon: Goldman Sachs' role in killing democracy across Europe http://t.co/qPmzUmeF

  98. goldman sachs steals entire countries « hip is everything

    [...] Goldman Sachs’ role in killing democracy across Europe [...]

  99. Goldman Sachs rules the world | PieReport-News

    [...] can agree that these developments are not healthy. Here is the take on it from a blogger at Liberal Conspiracy (not normally considered Telegraph Blogs’ ideological soulmate): Some serious questions must [...]

  100. OccupySydney

    Good article on Goldman Sachs and the Technocrats… http://t.co/E6MqU8Ve

  101. Angelo S. Droutsas

    Goldman Sachs’ role in killing democracy across Europe | Liberal Conspiracy http://t.co/lc9EW6th via @libcon

  102. Jimi S

    Goldman Sachs’ role in killing democracy across Europe http://t.co/sqfd9SD9

  103. Sonja Wilson

    Goldman Sachs’ role in killing democracy across Europe | Liberal Conspiracy http://t.co/G5AwDfoc via @libcon #WTF

  104. isupportjulia

    Goldman Sachs’ role in killing democracy across Europe | Liberal Conspiracy http://t.co/xrtGdCeT via @libcon





Sorry, the comment form is closed at this time.