Greek debt crisis: Goldman Sachs could be sued for helping hide debts when it joined euro

[PoliticAverse]

Goldman Sachs faces the prospect of potential legal action from Greece over the complex financial deals in 2001 that many blame for its subsequent debt crisis.

A leading adviser to debt-riven countries has offered to help Athens recover some of the vast profits made by the investment bank.

The Independent has learnt that a former Goldman banker, who has advised indebted governments on recovering losses made from complex transactions with banks, has written to the Greek government to advise that it has a chance of clawing back some of the hundreds of millions of dollars it paid Goldman to secure its position in the single currency.

The development came as Greece edged towards a last-minute deal with its creditors which will keep it from crashing out of the single currency.

Read the rest at: http://www.independent.co.uk/news/world/europe/greek-debt-crisis-goldman-sachs-could-be-sued-for-helping-country-hide-debts-when-it-joined-euro-10381926.html

[randome]

1. This is what got me about the "It's all the banksters' fault!" argument.

If it is, then why didn't Greece do something about it? If they really are taking steps in that direction now, it's about time.

Better than suing Germany for WWII.
[hr][font color="blue"][center]All things in moderation, including moderation.[/center][/font][hr]

[dixiegrrrrl]

2. Well, when you say "why didn't Greece do something?"

who are you talking about?
The heads of Greece back at the time have come and gone,
and the subsequent heads until recently were more interested in profiting from pushing austerity,
and the actual people of Greece, like the actual people of America or any other country, had no understanding of how or who stole their money, really.
And even tho Greece citizens voted NO to further austerity, somehow the game continues.

fresh economic reform proposals submitted by Athens which bear a striking similarity to the creditors’ offer rejected by the Greek people in a referendum last Sunday – sparking claims that Prime Minister Alexis Tsipras has effectively executed a huge U-turn in order to avoid a catastrophic “Grexit”.

http://www.independent.co.uk/news/world/europe/greek-debt-crisis-goldman-sachs-could-be-sued-for-helping-country-hide-debts-when-it-joined-euro-10381926.html

Unless the citizens revolt in a serious way, nothing will change.

altho...there is an interesting twist,now, from Finland:
Finnish threat leaves Greek talks on knife edge
http://www.democraticunderground.com/10141143490#post6