Europe debt Crisis Rethink

Europe debt crisis has recently dominated the financial market. Many sholars and investors have been affected and have started to think agian what really happened. One sholar, Xianping Lang, who teaches at Wharton Business School argues that Europe debt crisis is a more like a conspiracy. He pointed out that back before Grace entered EU, the debt problem has already existed in Grace. In order to be qualified as a EU member, Grace corporated with Goldman Sachs, who helped Grace financed about 800 milioms euroes. This act balanced the national income and expenditure. But after Grace became part of EU, nothing really changed within Grace. As a result Grace's income is not enough to cover its national expenditure. The debt problem went from bad to worse. Besides that there is evidence that Goldman Sachs was buying euroes going down agian dollars right before the Europe debt crisis came to public spot. So I think the debt crisis is not something that naturally happen. More likely this crisis is manipulated by major players at Wall Street.