Wikileaks publishes Stratfor Global Intelligence files.

[Magda Hassan]

Google translation from Portuguese.

Wikileaks: Parpública in the crosshairs of Goldman Sachs and "private CIA"

The financial background created by Stratfor and Goldman Sachs saw in the troika memorandum the right time to buy bonds Parpública. The holding company has stakes in state companies to be privatized under the guidance of Antonio Borges, who had been chosen by Goldman Sachs to provide consultancy services to Parpública in 2004 as part of the privatization of EDP and GALP.
ARTICLE | AUGUST 30, 2012 - 02:21
Antonio Borges in a Congress of the PSD in 2004, when he worked for Goldman Sachs, charging $ 2.3 million to Parpública for financial advice on privatization. With the troika, that Borges is now privatized enterprises owned by Goldman Sachs and background Parpública / Stratfor always win out.

In February the Wikileaksrevealed to the world the invitation that Goldman Sachs sent the company Stratfor intelligence: a partnership in a Hedge Fund called Stratcap. According to an August 2011 email, written by George Friedman, CEO of this "private CIA", the offer came from the director of Goldman Sachs, Shea Morenz - "he proposed a new adventure, Stratcap, allowing us to use knowledge we make about the world in a new space but with connections - an investment fund. Where previously advised other hedge funds, we now have our own, fully funded by Shea (...) we are already working on simulations and investment transactions. " Other emails show that, during 2011, was assembled a complex financial structure using offshore in order to launch the Stratcap under a cloak of apparent legality.
The esquerda.net had access to these emails revealed by Wikileaks indicate that Parpública - the company that manages the holdings of the Portuguese State in groups like GALP, REN, Águas de Portugal, TAP and ANA - was the target of this fund. In a September 2011 emaila senior Stratfor, Alfredo Viegas, draws attention to the privatization plan announced by the Portuguese Government and the troika - "(...) it opens up some very interesting business opportunities with regard to parastatals Portuguese and possibly other PIIGS ( ...) To me the most interesting assets are 5.25% bond Parpública. What makes this very interesting is that bonds are convertible for GALP - that fuel company (...). "
The Stratfor wasted no time. sent a document to the CEOGeorge Friedman, titled "STRATCAP Portfolio - summary" you can check the inclusion of a table that references to titles Parpública.And since November 10, Alfredo Viegas rejoices with the statements of Pedro Passos Coelho,that day announced plans to cut public spending by 43% by 2014 - "(...) is very aggressive. If they do that, Portugal is a great buy ... shortening our way to the titles of Parpública. "
António Borges and privatization of Parpública
Parpública was established in 2000 by the government of António Guterres with the aim of being the instrument of the State to ensure the management of companies undergoing privatization. This position gave central importance to this public holding company that saw its profits rise steeply in the last decade as a result of privatization pursued by all governments. With the arrival of the troika and the PSD and CDS plan to privatize the latest crown jewels - TAP, ANA, CP Cargo, CTT and Caixa Seguros, Water and RTP Portugal - Parpública itself has its days numbered, as the state will have stakes in these companies. In the second version of the memorandum of understanding was advanced the possibility of dissolution of Parpública or their integration in public administration, "as its sources of revenue will be affected by privatization."
The truth is that until the final decision is that by Parpública pass the privatization process, and is within the operating Parpública António Borges, aide indicated by Passos Coelho to lead the process. But this was not the first time that Antonio Borges handled Parpública. Between February 2004 and April 2005 Goldman Sachs provided financial advice to Parpública in connection with the privatization of EDP and GALP, by this time receiving $ 2.3 million from the Portuguese State. At that time, the representative of Goldman Sachs before the state was António Borges, who now speaks on behalf of the state to defend privatization, including the model ruinous to grant an interview to RTP presented at TVI last week.
The connection to Goldman Sachs Borges has led to the questioning of his impartiality in the conduct of the privatization process. Marc Roche, author of 'The Bank: How Goldman Sachs runs the world', when asked about the choice of the Government of Borges Passos Coelho warned - "The problem is not that Mr. Borges said what he did at Goldman Sachs. There may be a conflict of interest. You need total transparency (...) Mr. Borges has to decide whether or not Goldman Sachs has a role in privatization. "
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