Goldman Sachs and the Decline of Greece

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Over more than a decade, America's top investment bank provided risky financial products that sent the Greek government further and further into debt. Goldman Sachs earned hundreds of millions on the deal while the position of Greece within the European Union became untenable. Traveling to New York, London, and Athens, this film reveals what happened and examines the devastating consequences in present-day Greece. Viewers learn how, even as the Greek debt edged closer to 60 percent of the nation's GDP (the limit set in the Maastricht Treaty of 1992), both Goldman Sachs and the Greek government continued with "business as usual," and how Eurostat, the EU's statistics office in Brussels, was informed about these instances of financial engineering and raised no objections. The film also shows how a vulnerable and unprepared Greek population bore the brunt of EU austerity measures.