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

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.

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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: How the Celtic peoples -and US - were enslaved by Babylonian tyrants.

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: Khazars

Khazar

A Resource for Turkic and Jewish History in Russia and Ukraine

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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.