Money changing hands

Over the past decade Greek authorities borrowed heavily to fund government spending and deficits leaving the country with debt exceeding its GDP and needs to borrow 13 % of its GDP to repay its debt.


The Greek government wants to implement following policies to repay the debt by 2012.

• Freeze public sector pay
• Increase tax & price of goods.
• Raise retirement age from 60 to 63 hence will lead to delayed pension payouts.

In short the suffering is for civilians. So the civilians are accountable to these crises. Before theses crises there was lot in news about Goldman Sachs mortgage manipulation.


The Dept & GDP ratio which is crippling the country was the same situation back in the year 2000. Why was it not reported that the Goldman Sachs acts conjunction with the government hits billions & billions of debts. Bankers like Goldman Sachs 7 Wall street colliding with Greek government to falsify the data. Then to rectify the problem Greek government is sending their intelligence agency  to investigate whats going on and the hard reform Goldman Sachs to head up the particular investigation sot he government is being captive by the corrupt bankers and Wall St and blaming themselves for the debt and asking citizens to be accountable for the debt by raising taxes.


Goldman Sachs paid less than 1% of taxes last year and also stands responsible for Greek crises by manipulating mortgage funds it also paid large bonuses to ts employee's in Christmas. This shows that government is corrupt.
Manipulation by i- banks have often lead to crises for which civilians are made responsible on large scale. The financial system needs to be transparent to avoid such crises.