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Thursday, January 5, 2012

Eurozone Crisis: The Hidden Hand of Goldman Sachs

Eurozone Crisis: The Hidden Hand of Goldman Sachs: Europe's key crisis figures have all Goldman Sachs in their pedigree. Is it just a coincidence or is the financial world is trying to take over Europe?

In the last few weeks, two experienced politicians, among the last political survivors of our age, have been swept away by the Eurozone crisis. First George Papandreou, the calm and thoughtful heir of a political dynasty in Greece; then flamboyant Silvio Berlusconi, who has been dominating Italian politics for 20 years.

Many people may just think their time had come. But a closer look to the people who have been designed to take their place casts a sinister, threatening shadow on the status of international diplomacy in Europe.

Lucas Papademos, the new Greek Prime Minister, is a former European Central Bank vice-president under Jean-Claude Trichet. He was previously involved in Greece's transition from the drachma to the euro as Governor of the national bank. This transition was aided by Goldman Sachs, the global investment bank whose influence in high US government circles has been much commented on in Washington since the beginning of the financial crisis in 2007.

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