Goldman Deal Threatens Danish Government - NYTimes.com

Goldman Deal Threatens Danish Government - NYTimes.com:



 "“It is quite an odd day in the Danish Parliament, considering one of the three parties that was in the government has left,” Benny Engelbrecht, a Social Democratic lawmaker, said in an interview. He said the departure of the Socialist People’s Party “was over a number of things, but inspired by this.”"



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'That so many Danes have been aghast at the idea of
giving Goldman Sachs a prominent role in the
country's energy future reflects how far the damage
to the investment bank's reputation has spread
since the financial crisis.

'However much the financial world might envy
Goldman's trading prowess, many Danes see
Goldman as an emblem of an industry that helped
cause the crisis and then profited handsomely even
as much of the Continent still struggles to recover.

'Thousands of people have taken to the streets in
recent weeks to protest the deal; a prominent
banner featured the vampire squid that critics have
come to embrace as a symbol of Goldman Sachs.
Nearly 200,000 Danes signed an online petition
against the deal, a record.'

Report on how Denmark gave the
global financial giant Goldman Sachs
the go-ahead Thursday to buy a stake
in its state utility, causing the
Socialist People's Party to withdrew
its ministers from the country's
governing coalition

New York Times
January 31, 2014