What price the new democracy? Goldman Sachs conquers Europe - Business Analysis & Features - Business - The Independent

http://www.independent.co.uk/incoming/article6264098.ece/ALTERNATES/w620/Pg-12-eurozone-graphic.jpg

The ascension of Mario Monti to the Italian prime ministership is remarkable for more reasons than it is possible to count. By replacing the scandal-surfing Silvio Berlusconi, Italy has dislodged the undislodgeable. By imposing rule by unelected technocrats, it has suspended the normal rules of democracy, and maybe democracy itself. And by putting a senior adviser at Goldman Sachs in charge of a Western nation, it has taken to new heights the political power of an investment bank that you might have thought was prohibitively politically toxic.

This is the most remarkable thing of all: a giant leap forward for, or perhaps even the successful culmination of, the Goldman Sachs Project.

It is not just Mr Monti. The European Central Bank, another crucial player in the sovereign debt drama, is under ex-Goldman management, and the investment bank’s alumni hold sway in the corridors of power in almost every European nation, as they have done in the US throughout the financial crisis. Until Wednesday, the International Monetary Fund’s European division was also run by a Goldman man, Antonio Borges, who just resigned for personal reasons.

More …

 

http://www.independent.co.uk/news/business/analysis-and-features/wh...

Views: 432

Comment

You need to be a member of 12160 Social Network to add comments!

Join 12160 Social Network

Comment by truth on November 27, 2011 at 5:13pm

"United States of Europe” Single Treasury plan emerged   http://ning.it/qTPSgA

Comment by Maria De Wind on November 22, 2011 at 7:04pm
Comment by Anonymiss Express on November 22, 2011 at 6:08pm

I merely co-facilitate the soapbox and do some technical support, so everybody that chooses to, can bestow riches.

Comment by Anonymiss Express on November 22, 2011 at 6:05pm

By all means. I run a soapbox operation. If you have an article or post that you wish to spread, one of the planks of the soapbox (big enough to stand on) is here: http://12160.info/group/openough

Comment by Anonymiss Express on November 22, 2011 at 5:18pm

Thank you both!

Comment by Maria De Wind on November 21, 2011 at 8:02pm
Comment by Anonymiss Express on November 21, 2011 at 6:13pm

Does not feel good. Need a break.

Comment by Anonymiss Express on November 21, 2011 at 4:10pm

Looks like I have a lot of research to do, and little time to do it in. :(

Comment by Anonymiss Express on November 21, 2011 at 2:54pm

That's a strange marriage. I think their children will not be considered Jewish by their own law? And he is said to be a "proud Jew"? Very odd ... I think you're right. Maybe something else behind this marriage.

Comment by Maria De Wind on November 21, 2011 at 2:48pm

"Destroying the New World Order"

TOP CONTENT THIS WEEK

THANK YOU FOR SUPPORTING THE SITE!

mobile page

12160.info/m

12160 Administrators

 

Latest Activity

Doc Vega posted a blog post

The Alvin II Encounter: Was There A Living Dinosaur Involved?

The year is 1965 in the Caribbean islands at a 5-thousand-foot depth in the dark Atlantic waters.…See More
6 hours ago
Doc Vega posted blog posts
yesterday
rlionhearted_3 posted photos
yesterday
Burbia posted a video

All In The Family | Mike Meets Archie For The First Time | The Norman Lear Effect

Gloria (Sally Struthers) has a new boyfriend called Michael (Rob Reiner) and she is very excited to introduce him to her parents (Carroll O'Connor and Jean S...
yesterday
Shawn H is now a member of 12160 Social Network
yesterday
Doc Vega posted a photo

entitlement

Congress makes Social Security that we paid in our whole lives into to some government giveaway and…
Sunday
Doc Vega posted a blog post

Death Threats for Assisting ICE?

An Idaho Bar Helped ICE And Faced This Sick Backlash From DemocratsDecember 10, 20254 minute read…See More
Sunday
tjdavis posted videos
Sunday
Sandy posted a video

'They’re Waiting for Us to Die': Area 51 Veterans Plead for Trump’s Help | Elizabeth Vargas Reports

Congress quietly killed the one fix that could have helped America’s “Area 51 veterans” prove where they served — and get the care they say they’ve earned.WA...
Sunday
tjdavis posted a blog post
Saturday
tjdavis favorited Burbia's video
Saturday
tjdavis favorited rlionhearted_3's photo
Saturday
cheeki kea favorited tjdavis's blog post Under An Ionized Sky
Friday
cheeki kea commented on Doc Vega's blog post To Each and every One of you here Happy Thanksgiving
"Hope you enjoyed your thanksgiving day. I've often thought it'll good if I could send…"
Friday
cheeki kea posted a photo
Friday
cheeki kea commented on rlionhearted_3's photo
Thumbnail

I joined Facebook after 5 years of suspension!!! It went as expected.

"Thats a mighty attempt lionhearted. The true art of perseverance so thumbs up!"
Friday
Doc Vega commented on Burbia's video
Thursday
tjdavis posted photos
Dec 10
Doc Vega posted a blog post

Who Were the Silver Ghosts and Fork Tailed Devils Over Germany in WWII?

 The year is 1943 and the Germans are punishing the US Eighth Air Force during their daylight…See More
Dec 10
tjdavis posted a video

THE GREAT FLOOD Official Trailer (2026) Netflix | Global Disaster Movies 4K

🌊 A world pushed past the breaking point.In THE GREAT FLOOD (2026), rising oceans, collapsing cities, and unstoppable storms trigger a global disaster unlik...
Dec 8

© 2025   Created by truth.   Powered by

Badges  |  Report an Issue  |  Terms of Service

content and site copyright 12160.info 2007-2019 - all rights reserved. unless otherwise noted