Truthout

 (Photo: Jose Martins / Flickr)

The Goldman Sachs coup that failed in America has nearly succeeded in Europe - a permanent, irrevocable, unchallengeable bailout for the banks underwritten by the taxpayers.

Goldman Sachs and the financial technocrats have taken over the European ship. Democracy has gone out the window, all in the name of keeping the central bank independent from the "abuses" of government. Yet, the government is the people - or it should be. A democratically elected government represents the people. Europeans are being hoodwinked into relinquishing their cherished democracy to a rogue band of financial pirates, and the rest of the world is not far behind.