The Phaserl


Goldman Sachs Adds Italy and Greece to its Portfolio

by Paul Feldman,

When trader Alessio Rastani told the BBC that “governments don’t rule the world, Goldman Sachs rules the world”, jaws dropped in the news room at his brazen candour. Seven weeks later, Rastani is looking more right than ever.

The global investment bank’s advisors have in the past week taken control of the Italian and Greek governments, replacing elected administrations with faceless economists, academics and bureaucrats.

These events are nothing less than corporate-driven coups in the heart ofEurope, through which the financial markets have demanded and got the heads of government on a platter.

George Papandreou and Silvio Berlusconi were what they were, politically speaking. Their mistake was to try and ignore the European Central Bank (ECB), International Monetary Fund (IMF) and the leading lights in the European Union, Germany and France, in dealing with their respective debt crises.

So they had to go.

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2 comments to Goldman Sachs Adds Italy and Greece to its Portfolio

  • Dr Scardo

    Have a listen to WALL STREET HUSTLE – Alessio is quoted and named in this great rock dance track! Just search DR SCARDO on iTunes, ps – Alessio loves the song –

  • paris biltong

    What do you mean, they ignored the ECB? Mario Draghi was a GS managing director and senior officer in Europe. They’re in charge, period.

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