Good insight here. Goldman Sachs is involved in cooking the books on the EU common currency treaty. Greece, Italy, Spain and possibly Ireland were allowed entry into the common currency by demonstrating compliance with the treaty debt/GDP ratio. The compliance was arranged by off-book manipulations of the debt by Goldman, which has written credit default swaps on the predictable defaults, just like the bundled sub-prime mortgages which were created for purposes of profiting on the default. Why aren’t there are governments wise or strong enough to declare sovereign debt forgiveness on these fraudulent debt instruments? It has been done in Latin America in the past with initial good results.