Through the vast correspondence of Jeffrey Epstein with leading financial figures around the world, a dark side of the political developments in Greece in 2015 is revealed.
Just hours after the referendum and the resignation of then Finance Minister Yanis Varoufakis, Epstein discusses with the head of the Edmond de Rothschild Group, Ariane de Rothschild, details of Alexis Tsipras’s shift in strategy and the consequences for the Greek economy.
The revealing messages show that the global financial world was closely monitoring the country’s moves and planning its next steps behind closed doors.
At the same time, information is also coming to light about how he is alleged to have used Russian women as a means of influence for the KGB and the Mossad, creating a network that combined sexual exploitation and espionage.
Greek economy
More specifically, on the official website of the U.S. Department of Justice, under the section Epstein Library, Greece is mentioned more than 1,500 times, within emails, research reports, travel records, and market analyses.
As is well known, during the debt crisis of the 2010s, Greece found itself in a dire economic position, leading to bailout packages coordinated by the European Union, the European Central Bank, and the International Monetary Fund, as well as to an “extreme” referendum.
When Jeffrey Epstein corresponded with Rothschild about the Tsipras referendum
On 6 July 2015, just hours after the referendum result and the resignation of then Finance Minister Yanis Varoufakis, Epstein communicates with the head of the Edmond de Rothschild Group, Ariane de Rothschild, one of the most historic and powerful financial groups in Europe.
In the email correspondence, Ariane de Rothschild writes to Epstein:
“It is being strongly said that Alexis Tsipras wanted the ‘head’ of Yanis Varoufakis and he got it.
The replacement by chief negotiator Euclid Tsakalotos is considered a given.
This move gives Tsipras political time and changes the climate toward the partners, without immediately changing the framework of the negotiation.
Tomorrow a Eurozone Summit is convened and in Brussels the expectation is being cultivated that a solution will be sought there, even if temporary.
The stake remains whether the time that is gained is enough to translate the referendum result into an agreement and not into a dead end.”
A few minutes later, Jeffrey Epstein responds in a sharp and revealing manner:
“The resignation of the Greek minister presents Greece with a tougher problem, not an easier one.
Now they will be asked to come with a solution. Not with proposals.
Now they have really f@@@ed it.”
This revelation brings to light the backstage that unfolded behind the events that shook Greece and raises questions about the degree of influence exercised by global financial circles on political developments.
Correspondence with Noam Chomsky on the Greek bailout
In a detailed email to Noam Chomsky, Epstein describes the mechanics of the banking system and the Greek bailout program.
He notes the unusual accounting of banks, which recorded as profit interest even from risky or essentially non existent loans.
Quoting economist Mark Blyth, he explains that the EFSF raised 440 billion euros through bonds to support countries such as Greece.
Chomsky refers to French and German banks, emphasizing that Greece did not substantially benefit from the bailout. They raise bonds to save Greece’s creditors, mainly the banks of France and Germany, via loans to Greece.
Greece was thus merely a conduit for a bailout. It was not a recipient in any significant way, despite what is constantly repeated in the media.
(“They raise bonds to bail Greece’s creditors, the banks of France and Germany mainly, via loans to Greece. Greece was thus a mere conduit for a bailout. It was not a recipient in any significant way, despite what is constantly repeated in the media”).
Interest and odious debts
In another email to Chomsky, Epstein stresses the disproportionate flow of bailout funds toward European banks, leaving Greece as a simple financing “bridge”.
US GIO conference call on the impact of Greek elections
An internal email of the US Global Investment Office analyzes how the Greek elections could affect global markets and Greece’s position in the Eurozone.
Greek debt swaps
Epstein refers to the study of Greek debt swaps, gaining valuable information on financial strategies.
Greek bank warrants
Epstein is informed about potential investments in Greek bank warrants.
Tazia Smith mentions the creation of local accounts for transactions in “long Greek bank warrants”, while the emails include background on the recapitalization of Greek banks after the PSI, with high state participation (35–70%) and expectations of a return to profitability.
Bonds
Nav Gupta describes an opportunity to invest in illiquid five month Greek government bonds.
Investment strategies
Epstein corresponds with the late George G. Mantzavinatos about the correct timing of investments in Greece and Central Eastern Europe.
Mantzavinatos predicts that Greece will reach an agreement with the EU and the IMF by the end of June 2015, offering temporary stability until September, when another €35–40 billion will be needed.
He recommends that this is the right moment for Epstein to enter the Greek market, especially in banks with large exposures, while also highlighting geopolitical risks such as Ukraine for potential investment strategies in Europe.
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