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Home arrow newsitems arrow Greek Economy and Goldman Sachs scandal: MEPs call to investigate 1999-2001 and earlier

Greek Economy and Goldman Sachs scandal: MEPs call to investigate 1999-2001 and earlier

Written by ACM
Thursday, 04 March 2010


Calls to fully investigate what really happened in the Greek Economy, including from 1999-2001 or even earlier (i.e. 1980ies' period) multiplied in EU Parliament, in addition to similar moves at the National Greek Parliament (Vouli) and elsewhere.

The issue was reportedly raised, this week at the Conference of (Political Groups' Presidents) in view of next week's EU Parliament's plenary session in Strasbourg, where both the February 11 Brussels' EU Summit and EU's draft Economic Policy guidelines at the "2020" Horizon are due to be discussed and Resolutions voted.

Already, the experienced President of EU Parliament's Liberal Group, former Prime Minister of Belgium, Guy Verhofstadt, stressed since February 24 in Brussels, that it's "Urgent" to "take the Initiative" "to determine what exactly happened in Greece" :

- "It is important" to know, the President of the Liberal Group stressed, pointing to the fact that " Investment banks – Goldman Sachs, Morgan Stanley, Deutsche Bank – are minimising what they have done in the Greece case", as he said, speaking in Brussels shortly after revelations at New York of the Goldman Sachs' intervention scandal, which reportedly disguissed the real situation of Greece's Debt back in 2000, when the conditions and the Timing of its entry into EuroZone was decided.

- "We cannot talk about remedies, about solutions, about reforms in the EU if first of all we do not know what really happened in the case of Greece in 2008 and 2009 and before that", he pointed out, without Time-limits for the periods to examine.

That's why "it is the task of (EU) Parliament to organise Hearings with the relevant Committee, as quickly as possible, so that we can hear all the parties concerned on this matter. ...., I think it is absolutely necessary", Verhofstadt proposed.

Because, "we received contradictory information : Greece says that it has given all the information to the EU ... At the same time, the European Commission and Eurostat are saying that they did not receive all the necessary information", he observed, apparently speaking about the 2000 affair.

Similar calls were made earlier at EU Parliament's February Session in Strasbourg also by various other MEPs, as, f.ex. Austrian Hans Peter Martin, famous from his anti-Corruption endeavours, during a Debate on EuroZone.

EU Parliament's officials said now that special Hearings would be hold before the end of February on who is really responsible for provoking and/or hiding the true facts about Greece's huge debt. Witnesses from EU Commission, EuroStat, Greek Government, Goldman Sachs, Experts, etc. are due to speak at a forthcoming Hearing by the Economic Committee chaired by Brittish Liberal MEP Mrs Sharon Bowles.

Notoriously, a deal was brokered in 1999-2000, between former Socialist Governments in several EU Member Countries and the PASOK Government in Greece, according to which it accepted Turkey's controversial EU bid at December 1999 Helsinki Summit and the unfreezing of EU Funds for Turkey despite the non-fulfillment of Human Rights and International Law conditions by Ankara, in exchange of Athen's entry into EuroZone sooner than normal and even without the due preparatory reforms.

Many believe that, in case of Enquiry, EU Parliament couldn't credibly refuse full Investigations extended to recent Decades, including the way Greece's entry into EuroZone was prepared, after the recent revelations of the Goldman Sachs' scandal, dated since 2000-2001, when the American agency covered up the Socialist Greek Government's debt, while experienced EU Commission vice-President Almunia's (in charge of EU Financial affairs for 4 Years) latest data clearly indicated that Greece's Debt originated many years ago in the Past (See relevant Publication with Almunia's replies to "EuroFora"s questions : .. ).

Particularly when even USA's Federal Reserve's head Bernanke is reportedly investigating the 2001 Goldman Sachs' scandal, and Greece's main opposition party, Nouvelle Democratie, of former MEP Antonis Samaras, officially asked to extend an Investigation of the National Parliament, initiated by the governing PASOK Majority, "up to 1981", (i.e. from the start of "PASOK'" party's former governments)...

Meanwhile, experienced EU Commissioner in charge of Markets, Michel Barnier, anounced also a parallel EU Investigation on some Funds' alleged interference in Financial Markets on speculative operations aiming to buy Greek State's bonds at higher than normal intrest rates on March 2010 : A practice strongly denounced also by France, Germany and other EuroZone Member Countries, because it might threaten to progressively undermine parts of the Euro area by exploiting a few weak points earlier provoked.




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   Renew Europe's Historic Legend with Parthenon's pure white marble at the eve of crucial 2009 EU Elections, was the ambition of an interesting Art Exhibition, with more topical Symbols than expected, organized by EU Parliament's 1st vice-President Rodi Kratsa-Tsagaropoulou and MEP Marie Panayotopoulos- Cassiotou, Chair of the Inter-group on Family policy, during March A session in Strasbourg.     

According to the Ancient Legend, God Zeus, charmed by young Girl Europe, was trasformed into a strong Bull with Wings, and when she tamed him with Human affection, they flew over the Sea to live together in a New Land with large, fertile landscapes.  

- "There, they saw the Continent with a "Large Front" ("Eureia -opse" in Greek => Eur-opse => Europe)", reminded the Sculptor, Mary Papaconstantinou, of the European Women Association, honored by awards in Paris, Athens and Strasbourg.

    Thus, Europe's Legend combines Symbols of Energy and Strength, with caring Human personality, to bring towards New, large Horizons :

    - "Modern Art for this Ancient Greek Legend here in Strasbourg reminds that Europe, placing Human dignity at its heart, always finds the strength to overcome any Crisis towards New achievements. And EU Parliament offers Citizens a chance to artfully interact", said MEP Panayotopoulos-Cassiotou.


    Structured like some Rembrand's pictural sequences, Europe's sculptural exhibition forms a series of many statutes, sized and flat as a PC screen, representing many scenes inspired from the original Legend, "according to Moschos' text, a Writer of the 2nd century B.C.", said Sculptor Mary to "EuroFora".  

    Made by sparkling pure white Marble full of Symbols, they incite to think but also to act, as in front of a Book with half of its pages full of written text, but another half, free to write on white paper..

    While several EU politicians think that one of the most important characteristics of the 2009 EU Elections is that from their outcome may depend Europe's Identity and Future, Culture Minister of Greece, Antonis Samaras (a former MEP) send the message that, precisely, such modern Art linked to Historic legends may help "EU Citizens search the origins of Europe's Identity".

     - "The Legend says that they founded a New City, Thebes, and that reminds us that Europe is always a project of Invention and Creation", added EU Parliament's vice-President, Rodi Kratsa - Tsagaropoulou.

    Sculptor Mary Papaconstantinou said that she "tried for years to find the same White Marble from Penteli Mountain that was used by Praxitelis and all those who created Parthenon", symbol of Democracy and one of the 7 wonders of the World.

    - "By shaping this millenary Greek Marble to revive Europe's Ancien Legend with Modern Art, it reminds that Europe is a Hope for a better Future after Crisis, combining Energy for Development, with care for the Human person", said the sculptor's compatriot from Chios island, famous from French artist Delacroix's historic painting, MEP Panayotopoulos - Cassiotou.
    She now lives with her Family close to Rhine river, at EU's heart, near Bonn, where had started to work for the first time on European issues the new EU Parliament's Secretary General, Klaus Welle :

    By a symbolic coincidence, Europe's legend built anew with Parthenon's marble, marked for ever the beginning of young and energetic Welle's duties as new head of EU Parliament's administration, since he saluted the retiring, out-going S.G., the experienced Harold Rohmer, shortly afterwards, at another gathering on the same floor of Louise Weiss' superb building in Strasbourg...

    Organisers of both events said that it was a pure coincidence. People are free to believe them, or hope otherwise...


    They disagree in almost everything, except from one thing :

- EU Parliament's Art unites even opposed politicians in a common belief for Europe : Cyprus' example...


Rarely united together, but posing for "EuroFora" with the statute of Europe and Zeus flying over the Sea, ChristianDemocrat/EPP's MEP Yannis Kasulides, a frontrunner Presidential candidate in 2008, former Foreign Minister and Government Spokesman, and EuroLeft's MEP Kyriakos Triantafylides, Chairman of EU - Palestinian Council delegation, from the governing party AKEL (new Left) of the elected President, disagree on almost everything, except from their common claim that Europe of the Ancient Legend, when she flew with God Zeus from Ancient Phynecia to the West, must have crossed the island of Cyprus !

Hard to prove the contrary, 3.000 years later...


2009 EU Elections were won by Parties against Technocracy and Turkey's controversial EU bid, while the 1999-2004 Majority Abstention trend decelerated. What should be done in 2009-2014 ?


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