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Goldman Sachs and Europe


Goldman Sachs makes Greek Debt

"European leaders have criticised Goldman Sachs and other investment banks following allegations that they helped Greece to disguise the true scale of its debts over several years." The Guardian.

Mario Draghi

Mario Draghi born 3 September 1947) is an Italian economist and Goldman Sachs banker who succeeded Jean-Claude Trichet as President of the European Central Bank on 1 November 2011. He was previously the governor of the Bank of Italy from January 2006 until October 2011.

Draghi was then vice chairman and managing director of Goldman Sachs International and a member of the firm-wide management committee (2002–2005). A controversy existed on his duties while employed at Goldman Sachs. Pascal Canfin (MEP) asserted Draghi was involved in swaps for European governments, namely Greece, trying to disguise their countries' economic status. Draghi responded that the deals were "undertaken before my joining Goldman Sachs [and] I had nothing to do with" them, in the 2011 European Parliament nomination hearings.

© Tom de Havas 2011. The information under this section is my own work it may be reproduced without modification but must include this notice.