The Vampire Squid
'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