1. European Law and Life Culture 5. Greek bailout, a very useful lesson for Taiwan students (not Greeks) Reasons, Perspectives Lecturer: Fr. Jonah Mourtos, The Orthodox Church in Taiwan 1 Unless noted, the course materials are licensed under Creative Commons Attribution-NonCommercial-ShareAlike 3.0 Taiwan (CC BY-NC-SA 3.0)Creative Commons Attribution-NonCommercial-ShareAlike 3.0 Taiwan

2. reasons 2

3. GDP http://zh.wikipedia.org/zh-tw/ 国内生产总值 http://zh.wikipedia.org/zh-tw/ 国内生产总值 http://en.wikipedia.org/wiki/International_Monet ary_Fund_historical_list_of_ten_largest_countries _by_GDP http://en.wikipedia.org/wiki/International_Monet ary_Fund_historical_list_of_ten_largest_countries _by_GDP http://data.worldbank.org/indicator/NY.GDP.MKTP. CD/countries/1W-GR-DE-HK-US?display=default http://data.worldbank.org/indicator/NY.GDP.MKTP. CD/countries/1W-GR-DE-HK-US?display=default 3

4. The global debt clock http://www.economist.com/content/global_debt_clo ck 4

5. 5 GREECE GOVERNMENT DEBT TO GDP http://www.tradingeconomics.com/gree ce/government-debt-to-gdp

6. 6 http://chartsbin.com/view/1178

7. 7 Government debt as a proportion of GDP http://www.bbc.co.uk/news/business- 13366011 http://www.bbc.co.uk/news/business- 13361930 Eurozone Countries Per Capita Gdp http://chartsbin.com/view/3088 BBC BBC In graphics: Eurozone crisis http://www.bbc.co.uk/news/business-13366011

8. Eurozone crisis explained http://www.bbc.co.uk/news/business-16290598 The inventory – regret. TRUTH IS NOT ALWAYS GOOD. http://www.tovima.gr/politics/article/?aid=397047 8

9. Eurozone debt web: Who owes what to whom? http://www.bbc.co.uk/news/business-15748696 9

10. Graphic: Explaining the Greek debt crisis http://www.telegraph.co.uk/news/interactive-graphics/9100416/Graphic-Explaining-the-Greek-debt-crisis.html 10

11. Government surplus or deficit, 2012 http://online.wsj.com/article/SB100014240527 02304692804577281053193863424.html - articleTabs=interactive http://online.wsj.com/article/SB100014240527 02304692804577281053193863424.html - articleTabs=interactive 11

12. As Europe descends into an austerity-induced economic crisis, Goldman Sachs's people are managing the demise of the continent. As the British newspaper The Independent reported earlier this year, the Conservative technocrats currently steering or who have steered post-crash fiscal policy in Greece, Germany, Italy, Belgium, France, and now the UK, all hail from Goldman Sachs. In fact, the head of the European Central Bank itself, Mario Draghi, was the former managing director of Goldman Sachs International.reported earlier this year, the Conservative technocrats currently steering or who have steered post-crash fiscal policy in Greece, Germany, Italy, Belgium, France, and now the UK, all hail from Goldman Sachs. In fact, the head of the European Central Bank itself, Mario Draghi, was the former managing director of Goldman Sachs International. And here in the United States, after Treasury Secretary and former Goldman CEO Henry Paulsen did his job in 2008 securing Goldman’s multi-billion dollar bailout, he was replaced in the new Obama administration with Tim Geithner who worked very closely with Goldman Sachs as head of the New York Fed and made sure Goldman received more than $14 billion from the bailout of failed insurance giant AIG.received more than $14 billion from the bailout of failed insurance giant AIG. What’s happening here goes back more than a decade. In 2001, Goldman Sachs secretly helped Greece hide billions of dollars through the use of complex financial instruments like credit default swaps. This allowed Greece to meet the baseline requirements to enter the Eurozone in the first place. But it also created a debt bubble that would later explode and bring about the current economic crisis that’s drowning the entire continent. But, always looking ahead, Goldman protected itself from this debt bubble by betting against Greek bonds, expecting that they would eventually fail.helped Greece hide billions of dollars through the use of complex financial instruments like credit default swaps. This allowed Greece to meet the baseline requirements to enter the Eurozone in the first place. But it also created a debt bubble that would later explode and bring about the current economic crisis that’s drowning the entire continent. But, always looking ahead, Goldman protected itself from this debt bubble by betting against Greek bonds, expecting that they would eventually fail. Ironically, the man who headed up the Central Bank of Greece while this deal was being arranged with Goldman was – drumroll please – Lucas Papademos. Goldman made similar deals here in the United States, masking the true value of investments, then selling those worthless investments to customers while placing bets that those same investments would eventually fail. The most notorious example was the 12

13. new government employees 213.250 Plus 526.875 by contracts 633.607 seasonal 1994 ----  2004 mostly 1995, 1996, 1999, 2000, 2002, 2003 Το 2001 new employees 156.471, 13

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16. 2000 only 20% employment was legal 1994 -2005  422.038 employments only 14.004 by exams!!! Trade unionist. The GREEN GUARDS http://www.ekathimerini.com/4dcgi/_w_articles_wsite1_1_20/03/2012_433734 Why? 4.000.000 Eu http://www.keeptalkinggreece.com/2013/10/07/unionist-asked-e50k-from-hospital-commander-to- refrain-from-protest- strikes/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+KeepTalkingGre ece+(Keep+Talking+Greecehttp://www.keeptalkinggreece.com/2013/10/07/unionist-asked-e50k-from-hospital-commander-to- refrain-from-protest- strikes/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+KeepTalkingGre ece+(Keep+Talking+Greece) http://www.newsit.gr/default.php?pname=Article&art_id=243480&catid=4 16

17. HOW TO CHEAT – AND TO BE DESTROYED http://www.nytimes.com/2010/02/14/business/g lobal/14debt.html?pagewanted=2&hp http://www.nytimes.com/2010/02/14/business/g lobal/14debt.html?pagewanted=2&hp 17

18. Aeolos, a legal entity created in 2001, helped Greece reduce the debt on its balance sheet that year. As part of the deal, Greece got cash upfront in return for pledging future landing fees at the country’s airports. A similar deal in 2000 called Ariadne devoured the revenue that the government collected from its national lottery. Greece, however, classified those transactions as sales, not loans, despite doubts by many critics. 18

19. Mr. Alogoskoufis, who stepped down a year ago, said in an e-mail message last week that Goldman later agreed to reconfigure the deal “to restore its good will with the republic.” He said the new design was better for Greece than the old one. In 2005, Goldman sold the interest rate swap to the National Bank of Greece, the country’s largest bank, according to two people briefed on the transaction.National Bank of Greece, the country’s largest bank, according to two people briefed on the transaction. In 2008, Goldman helped the bank put the swap into a legal entity called Titlos. But the bank retained the bonds that Titlos issued, according to Dealogic, a financial research firm, for use as collateral to borrow even more from the European Central Bank.European Central Bank. Edward Manchester, a senior vice president at the Moody’s credit rating agency, said the deal would ultimately be a money-loser for Greece because of its long-term payment obligations.Moody’s credit rating agency, said the deal would ultimately be a money-loser for Greece because of its long-term payment obligations. Referring to the Titlos swap with the government of Greece, he said: “This swap is always going to be unprofitable for the Greek government.” 19

20. PERSPECTIVES Out of EU ? NEVER!! A haircut? A new GREECE – LAW CHANGE MIND TRANPARENCY DEVELOPMENT SOFT POWER GEOPOLITICS 20

21. Deus ex machina 21

22. 22

23. GEOPOLITICS 23

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25. Greek Exclusive Economic Zone in the Aegean Sea http://muse.jhu.edu/journals/med/summary/v01 8/18.3kariotis.html http://muse.jhu.edu/journals/med/summary/v01 8/18.3kariotis.html 25

26. 26 版權聲明 頁碼作品版權圖示來源 / 作者 4 Economist/ Unknown author http://www.economist.com/content/global_debt_clock 依據著作權法第 46 、 52 、 65 條合理使用。瀏覽日期： 2013/10/12 。 5 Tradingeconomics/ Unknown author http://www.tradingeconomics.com/greece/government-debt-to-gdp 依據著作權法第 46 、 52 、 65 條合理使用。瀏覽日期： 2013/10/12 。 6 Chartsbin / Unknown author http://chartsbin.com/view/1178 依據著作權法第 46 、 52 、 65 條合理使用。瀏覽日期： 2013/10/12 。 9 BBC News / Unknown http://www.bbc.co.uk/news/business-15748696 依據著作權法第 46 、 52 、 65 條合理使用。瀏覽日期： 2013/10/12 。 10 The Telegraph / Mark Oliver & Matthew Sparkes http://www.telegraph.co.uk/news/interactive-graphics/9100416/Graphic-Explaining-the- Greek-debt-crisis.html 依據著作權法第 46 、 52 、 65 條合理使用。瀏覽日期： 2013/10/12 。

27. 版權聲明 27 頁碼作品版權圖示來源 / 作者 14 Δημοσιεύτικε http://blog.stigalaria.org/3762/αφροδιτη-της-μηλου-κωλοδαχτυλο/ 依據著作權法第 46 、 52 、 65 條合理使用。瀏覽日期： 2013/10/11 。 15 Χωρίς κατηγορία http://www.kolivas.de/archives/31928 依據著作權法第 46 、 52 、 65 條合理使用。瀏覽日期： 2013/10/11 。 21 Hellas frappe http://hellasfrappe.blogspot.tw/2013/01/the-time-has-come-which-nations-support.html Hellasfrappe by Marina Spanos is licensed under a Creative Commons Attribution- NonCommercial-ShareAlike 3.0 Unported License.Marina SpanosCreative Commons Attribution- NonCommercial-ShareAlike 3.0 Unported License 22 Hellas frappe http://hellasfrappe.blogspot.tw/2013/01/new-israeli-greek-cypriot- alliance.html#.UmIoIlBmiSo Hellasfrappe by Marina Spanos is licensed under a Creative Commons Attribution- NonCommercial-ShareAlike 3.0 Unported License.Marina SpanosCreative Commons Attribution- NonCommercial-ShareAlike 3.0 Unported License 23 Unknown author http://geodomein.blogspot.tw/ The picture is licensed under a a Creative Commons Attribution-NonCommercial- NoDerivs 3.0 Unported License.Creative Commons Attribution-NonCommercial- NoDerivs 3.0 Unported License

28. 28 版權聲明 頁碼作品版權圖示來源 / 作者 23 John Roberts Energy in Central Asia: Drivers and Consequences, page 18 依據著作權法第 46 、 52 、 65 條合理使用。瀏覽日期： 2013/10/12 。