2012-03-30econintersect.com

``Olli Rehn said at the hearing Lessons from Greece in April 2010 that the transactions were "illegitimate" but "legal". The contradiction in terms illustrates what passes for due process at the EU Commission. Indeed, most of the evidence on the transactions wasn't examined until September 2010 by Eurostat, and the final report was delivered in November. Parliament sits still throughout. The EU Commission rewards Goldman Sachs with a contract via the newly set up European Financial Stability Facility in 2011.''


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