Mike Whitney: Is Goldman Sachs poised to takeover Europe?

Image : ponsulak / FreeDigitalPhotos.net *

“Goldman Sachs is about to take over Europe, but you wouldn’t know it by reading the papers.

On Tuesday, G-Sax alum, Mario Draghi, will take the helm at the European Central Bank replacing retiring ECB president Jean-Claude Trichet. The appointment has slipped by the media virtually unnoticed…”

“Guarantees on bank debt is a direct subsidy to big finance, which is why we think that a former G-Sax exec. will support the policy.”
Mike Withney Counterpunch.org

“The central bank’s new approach will put the ECB on a collision course with Germany. This is a clash that can no longer be avoided. Draghi’s job is to save the union for the financial elites who benefit from it. Ultimately, their interests will prevail over Germany’s. You can bet on it.”

“Naturally, no one cares about the public’s interest. The EU’s working people don’t count.”

Complete article HERE: http://www.counterpunch.org/2011/10/31/is-goldman-sachs-poised-to-takeover-europe/

* Image reference: ponsulak / FreeDigitalPhotos.net

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