General Discussion

ljm2002

(10,751 posts)

21. Were the numbers falsified?

Sat Jul 25, 2015, 11:51 AM

Jul 2015

Or did they correctly report the complex derivatives that Goldman Sachs helped them to devise?

When negotiating a contract, both sides are expected to be diligent and to protect their own interests. Why is there no hue and cry against the EU and IMF negotiators? If deception is the issue, then where are the indictments against Goldman Sachs? Why do we hear NO complaints from the Germans about them? And if that deceptive accounting was legal, then where is the call to change the financial regulatory systems in order to prevent these kinds of shenanigans in the future?

What I see is that the idea of a shared currency between such disparate nations doesn't work, the end. The rest is sound and fury and at the moment, a wish to punish someone -- namely, the Greek people.

By the way: that deal that Tsipras accepted? It won't work either. It tightens the austerity screws, ensuring Greece's economy will continue to tank and will therefore have less tax revenue with which to repay its ever-larger debt.

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

32 replies

= new reply since forum marked as read

Highlight:

The Crisis In Europe Has Only Just Begun [View all] marmar Jul 2015 OP

Greece has lied to EU about its finances since the year 2000. DetlefK Jul 2015 #1

Those poor, lying Greeks. Have you no sense of compassion?? randome Jul 2015 #2

Oh here we go again... ljm2002 Jul 2015 #3

1. I have no idea why they chose austerity as a strategy. DetlefK Jul 2015 #6

Again: Any debt that CANNOT be paid... ljm2002 Jul 2015 #7

It was Greece that asked Goldman Sachs for help! DetlefK Jul 2015 #9

First idea: ljm2002 Jul 2015 #10

The exchange is pointless because you aren't willing to admit that the Greek people caused this mythology Jul 2015 #13

I don't believe for an INSTANT that the "Greek people" caused this... anymore than "I" caused OUR PassingFair Jul 2015 #16

. ctsnowman Jul 2015 #19

Because saying something was widespread means literally all? mythology Jul 2015 #27

You must have missed this part of my post: ljm2002 Jul 2015 #17

Second idea: Don't give Greece any f**king money. DetlefK Jul 2015 #15

And yet... ljm2002 Jul 2015 #18

So, which German bank do you work for? KamaAina Jul 2015 #24

The big shadowy one with an island lair shaped like a skull. DetlefK Jul 2015 #28

Oh, that's just too good! randome Jul 2015 #30

That doesn't narrow it down a whole lot. KamaAina Jul 2015 #32

Another principle of finance: cemaphonic Jul 2015 #22

Apparently we're supposed to either forget that part or assume that mythology Jul 2015 #12

You mean, "The Greek elites wanted a lifestyle... ljm2002 Jul 2015 #20

Greek pensions started earlier than other countries mythology Jul 2015 #26

I get it. ljm2002 Jul 2015 #29

Comparing nations to your friends is a great indication that you should be ignored Taitertots Jul 2015 #4

But the EU still has to work with the numbers Greece provides to them. DetlefK Jul 2015 #5

"Trust"? The pseudo-moralist position has no basis in reality. Taitertots Jul 2015 #8

Why help Greece in any way if you can't trust it? DetlefK Jul 2015 #14

Were the numbers falsified? ljm2002 Jul 2015 #21

Oh, they were falsified before Goldman Sachs ever entered the stage. DetlefK Jul 2015 #23

The Greeks upheld austerity when they refuse to reign in corruption and their tax evaders. kelliekat44 Jul 2015 #11

Unbalanced? Selfish? randome Jul 2015 #25

I'll throw in some naive questions/observations... Eleanors38 Jul 2015 #31