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Goldman Sachs conquers Europe

Goldman Sachs conquers Europe
This is the most remarkable thing of all: a giant leap forward for, or perhaps even the successful culmination of, the Goldman Sachs Project. It is not just Mr Monti. The European Central Bank, another crucial player in the sovereign debt drama, is under ex-Goldman management, and the investment bank's alumni hold sway in the corridors of power in almost every European nation, as they have done in the US throughout the financial crisis. Until Wednesday, the International Monetary Fund's European division was also run by a Goldman man, Antonio Borges, who just resigned for personal reasons. Even before the upheaval in Italy, there was no sign of Goldman Sachs living down its nickname as "the Vampire Squid", and now that its tentacles reach to the top of the eurozone, sceptical voices are raising questions over its influence. This is The Goldman Sachs Project. With these connections, it was natural for Goldman to invite him to join its board of international advisers.

http://www.independent.co.uk/news/business/analysis-and-features/what-price-the-new-democracy-goldman-sachs-conquers-europe-6264091.html

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Does Goldman Sachs really rule the world? - Views Updated: Thu, Sep 29 2011. 01 15 PM IST In a BBC interview that has gone viral thanks to You Tube, a financial trader named Allesio Rastani made a stunning claim: “The governments don’t rule the world. Goldman Sachs rules the world. Goldman Sachs does not care about this (European) rescue package, neither do the big funds.” Rastani left his interviewer shell shocked with other provocations.

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