Laurel Zuckerman's Paris Weblog

CEO of Goldman Sachs, which concealed Greek debt, becomes billionnaire

While Europe ponders whether to kick out  the creator of democracy, now indebted to the tune of over 300 billion euros which it shows no sign of ever being able to repay, the CEO of Goldman Sachs, the financial firm that "helped" Greece conceal its financial situation from Europe and everyone else has now become a billionaire in a classic American success story.

What François Hollande is not telling the French about Greece

1)      Greece cannot and will never be able to repay its debt, already over 300 billion euros and rising. Even the IMF, directed by France's former finance minister Christine Lagarde,  has now stated this publicly.

2)      Greece desperately needs to devalue its currency, but cannot as long as it is in the Euro, which was created as a “strong” currency.  Remaining in the Euro does not "save" Greece but condemns it. 

3)  Greece needs debt relief, but cannot both obtain it AND remain within the Euro.  

Fiber in France: It's not us! It's our subcontractor

France 94: In the bus yesterday a woman was screaming in fury into her cell phone at Orange. An elderly woman  in her building had Orange fiber optic installed and the workmen left a huge mess - holes in the walls and dust everywhere.