Goldman Sachs and Deutsche Bank have indelible links to Greek financial crisis

There are two indelibly weaved strands of information highly relevant to the current standoff playing out between Greece and its creditors but which the mainstream European media isn’t currently allocating much room to the discussion of.

These are the degree to which Goldman Sachs is responsible for Greece’s current woes and the highly indebted status of Deutsche Bank.

To start with the latter issue — arguably more immediately pertinent to current tribulations. The following events should raise eyebrows. In 2013 the largest bank in Europe surprised the markets and its investors when it diluted 10% of its overall equity and since then deleveraged or purged its balance sheet, quietly jettisoning billions of toxic, or potentially toxic, investments.