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dipsydoodle

(42,239 posts)
Mon Feb 3, 2014, 11:30 AM Feb 2014

Danish PM reshuffles Cabinet amid uproar over Goldman Sachs deal

Source: Straits Time / AFP

COPENHAGEN (AFP) - Denmark's Prime Minister announced a sweeping Cabinet reshuffle on Monday after her coalition collapsed over a deal involving United States investment bank Goldman Sachs.

Six ministers from the leftist Socialist People's Party left Ms Helle Thorning-Schmidt's government Thursday over the controversial sale of a stake in state-controlled utilities giant DONG Energy to a group of investors led by the bank.

The deal sparked an outcry few had anticipated amid fears Goldman Sachs could use tax havens to administer their holding in DONG and claims that the investment bank had been given unusually favourable terms.

In a country of 5.6 million people, just under 200,000 have signed a petition protesting the sale of the company to a bank that has become a popular symbol of Wall Street excess after one US journalist dubbed it "the vampire squid".

Read more: http://www.straitstimes.com/breaking-news/world/story/danish-pm-reshuffles-cabinet-amid-uproar-over-goldman-sachs-deal-20140203

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Danish PM reshuffles Cabinet amid uproar over Goldman Sachs deal (Original Post) dipsydoodle Feb 2014 OP
Why are people so uptight about Goldman Sachs? Wilms Feb 2014 #1
Goldman Sachs: "Doin' the Lawd's work." blkmusclmachine Feb 2014 #2
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