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Greece’s secret loan from Goldman Sachs was a costly mistake from the start.
Luxury Directory Caribbean's profile photoAlfonso Zambrano's profile photoAngel Cruz's profile photoJens Eckleben's profile photo
It's interesting to see how the Greeks bought German military hardware (How about those shiny new Leopard 2A6s) with borrowed euros, borrowed from the Germans no less, and now all of a sudden everything has gone pear shaped and the Germans are shouting austerity, austerity. German tax payers refusing to help any more, well - how do you think Germany got to be so rich anyway? It's an exporting powerhouse, who do you suppose you exported your stuff to, and how do you suppose those countries financed their trade deficits?

A "scam" doesn't even begin to cover it.
So what? No one obliged these countries to buy German goods. Are we to criticise Germany because they produce goods that people want to buy?

As for the deficits, Germany isn't responsible for fiscal policy of these countries. Although, frankly, I hope they actually do get some amount of control via EU institutions.
+Lee Samaha Some deals are more transparent than others. The Greeks were flat out bullied into buying those brand new German main battle tanks as part of their NATO commitment.
+Alexander Wilhelmsen Everyone wants to twist arms to convince others to buy their military hardware. This is just realpolitik. But in the end, Greece is responsible for its own fiscal policy. It's time to stop blaming the Germans. No one likes to see Greece hurting like this but its time they started looking at their own politicians and governance.
So... since Goldman Sachs seems to be at the center of all this... let's give them a fair trial, they will likely be convicted... we declare all their money to be ill-gotten gains... declare their corporation in-valid based on fraud, take it all back and split it among the people and countries they ripped off. Why are we still catering to these clowns?

Everyone should read "confessions of an economic hit man" tells the whole story of how the U.S. controls events through debt.
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