- Mar 10, 2009
Wrong premise. Question ought to be dismissed.Just one counter-argument.
Why do you want to put blame at the doors of Goldman-Sachs all the time? They know how to jiggle numbers and that is what they are paid for. Now Greece wanted to be in eurozone, all other eurozone countries wanted Greece to be in Eurozone, if they paid GS to cook up few numbers, who is more at fault? The democratically elected govt, the EU system or Goldman? On top of that, once GS was gone, Greece still continued to do what it does best i.e. cook up its national accounts.
Btw, I read the article and could clearly see it was written by someone who knows zilch about economics.
I did not put the blame at the doors of Goldman-Sachs all the time. This is what I said, "Personally, I believe the Greeks are not faultless, but their contribution to the problem is minor."
- It is a theory that they paid Goldman-Sachs to cook up the numbers, just as it is a theory that Goldman-Sachs deliberately loaned them money knowing fully well they would default, thus enabling Goldman-Sachs, or its investors, to take control of facilities (say, ports) in Greece.
- You are cooking up theories, that Greece continued to cook up numbers. Not true. Read the aritcles, and focus on Papandreou.
You were accusing some other author of writing BS. I am just pointing out the BS that you are writing.
I say again, read the posts before making an attempt at countering them. Reminder below:
This post, and the two previous posts came about after spending a lot of time reading through, and often verifying, a lot of material. This does not obligate anyone to refrain from making disagreeable, partially-informed, or uninformed comments, but if these posts are countered, it is expected that the person countering should at least do the right thing, and read through the content first.