1) While some claim the Greek government is incompetent for its handling of the debt crisis, the document argues there is more nuance to the situation.
2) Greece was allowed to join the eurozone in 2001 even though it did not qualify, and banks like Goldman Sachs helped Greece obscure its finances to meet EU lending standards through secret and dubious constructions.
3) German and French banks then lent Greece more money than it could handle, knowing they would be bailed out by taxpayers, and corrupt Greek elites and politicians funneled money to tax havens under governments of different parties.
1) While some claim the Greek government is incompetent for its handling of the debt crisis, the document argues there is more nuance to the situation.
2) Greece was allowed to join the eurozone in 2001 even though it did not qualify, and banks like Goldman Sachs helped Greece obscure its finances to meet EU lending standards through secret and dubious constructions.
3) German and French banks then lent Greece more money than it could handle, knowing they would be bailed out by taxpayers, and corrupt Greek elites and politicians funneled money to tax havens under governments of different parties.
1) While some claim the Greek government is incompetent for its handling of the debt crisis, the document argues there is more nuance to the situation.
2) Greece was allowed to join the eurozone in 2001 even though it did not qualify, and banks like Goldman Sachs helped Greece obscure its finances to meet EU lending standards through secret and dubious constructions.
3) German and French banks then lent Greece more money than it could handle, knowing they would be bailed out by taxpayers, and corrupt Greek elites and politicians funneled money to tax havens under governments of different parties.
According To Arnon Grunberg (Footnote, June 29) it is evident
that the Greek Government incompetent and according to Hans Wade (comment, 30 June) will, after the 'false promises' of Alexis and his ' head over heels '- referendum, the Greeks finally understand that the future of their country at stake. At both, very similarthe points of view, is some nuance on her site. For this purpose, the following recent memories. At that time, the by and by to corruption Greece had to to the euro are allowed even though it was It did not qualify. Only just (as of January 1, 2001) to the euro allowed, was Goldman Sachs popped up to with a secret and dubious construction the Greek State balance to clean up so that to the EU standards for further lending were met. Watch well, all players involved, also the EU regulators, knew this unfair game and let that . Above all, the German and French banks saw their chance to make more money with it to Greece still selling more credits than the country had already when it became a member of the euro. That banks, as we now have learned, were ' too big to fail '. The bankers knew that all too good, but saw no moral objection in order for themselves, with future tax money, our money so, a comprehensive ' free lunch ' to organizing, Including sturdy bonus desserts That the Greek elite, which on behalf of the people the obligations contracted and so also is to blame, next to the National also extended for itself has created, proved a long names list of corrupt entrepreneurs and politicians who in the long run also in the Greek Parliament and the public popped up, which showed how much money there to tax havens is funneled. All of this played place under conservative and socialdemocratic Governments and under the watchful eye of
European public institutions and not under the current '
incompetent ' Syriza Government of Is Alexis. Then came the banking crisis and there were in Europe billions in tax money needed to ' too big to fail ' banks to save the demise. Part of that money ran through the State budgets of the southern European countries. To 240 billion went to Greece European taxpayers ' money and Maybe there's been a Greek that the along saw coming, because it almost all went in a Flash, as repayment and interest, to the ' too big to fail '-banks. That their ' free lunch ' already long behind the molars had. Are those bankers not just such large crooks like those corrupt Greeks? Why we know the list of those bankers names actually not that mean business with the corrupt Greek elite have created? And why we are on European territory still tax havens ? If the current Greek Government would earn the designation ' incompetent ' then, in proportion to their share in the European GDP, yet no more than 2 percent of the total European incompetence, seems to me. Wolter Buikema is tax advisor in Groningen. de Volkskrant donderdag 02 juli 2015