€uroscam is a fascinating documentary based on new research carried out by Ricard Vergés on the European origins of the Housing and Construction Bubble in Spain.
Vergés lost his job for uncovering some of the business, professional and political practices leading to the socially painful and relatively distinct Spanish version of the Global Crisis.
The director of this documentary, Guillermo Cruz, combines an inquisitive retrospective narrative of events in Spain and Germany with interviews with well known academics, politicians, business men, journalists and activists.
Inevitably, €uroscam features (although not as a interviewees) people like Rodrigo Rato, former Director of the International Monetary Fund (IMF). Rato, who was also Spain’s Economics Minister during the Conservative Governments of 1996-2004 is now facing charges of tax evasion and money laundering.
€uroscam questions the legitimacy of the Spanish Public Debt contracted as a result of the almost deterministic negligence of the Spanish and European political and corporate elites, responsible for the plight of millions of Spaniards.
The video has subtitles English and lasts a bit more than an hour.