View their video on YouTube

Greece, Goldman, and Financial Transparency?

The Greek government is deeply in debt, due to decades of excess public spending. Greek politicians were unwilling to reduce services or raise taxes.

Today Greece’s annual budget deficit is about 13 percent, and the national debt is over $400 billion. So, they had to borrow and continually roll over the borrowing. To reduce costs, they needed to refinance at the best possible interest rate. (more…)