||Banks without Political Accountability (1:40) -- Reflecting on National Bankruptcy (1:36) -- Bound by the Maastricht Treaty (1:12) -- Shrinking Greek National Debt (1:33) -- Greece's Financial Bind (2:39) -- Goldman Sachs' Bonus Culture (2:14) -- Betting on the 2008 Financial Crisis (2:56) -- Goldman Sachs on Trial (2:01) -- Lobbying against Financial Regulation (1:51) -- Affects of National Bankruptcy (3:29) -- Betting against the Greek Economy (4:18) -- Failure of EU Fiscal Governance (3:29) -- Goldman Sachs' Global Influence (3:39) -- Greek Health Care System in Crisis (2:51) -- Betting on EU Bailouts (1:23) -- Struggling for Survival in Greece (2:34) -- Widening Greek Income Gap (1:56) -- Greece's Political Dilemma (1:47) -- Ongoing EU Financial Crisis (1:41) -- Reforming the Banking Sector (3:31) -- Goldman Sachs Refuses Responsibility (0:47) -- Credits: Goldman Sachs and the Decline of Greece (0:41)
||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.
|General note||Encoded with permission for digital streaming by Films Media Group on July 17, 2013.|
|General note||Films on Demand is distributed by Films Media Group for Films for the Humanities & Sciences, Cambridge Educational, Meridian Education, and Shopware.|
|Access restriction||Access requires authentication through Films on Demand.|
|Interest grade level
||9 & up.
|Technical details||Mode of access: Internet.|
|Technical details||System requirements: FOD playback platform.|
|Language||Portions with English subtitles.|
|Source of description||Title from distributor's description.|
|Issued in other form||Originally produced: NPO/Netherlands Public Broadcast, 2012.|
|Publisher number||53073 Films Media Group|