Goldman Sachs Conquers Europe

November 21st, 2011

Via: 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.

Even before the upheaval in Italy, there was no sign of Goldman Sachs living down its nickname as “the Vampire Squid”, and now that its tentacles reach to the top of the eurozone, sceptical voices are raising questions over its influence. The political decisions taken in the coming weeks will determine if the eurozone can and will pay its debts – and Goldman’s interests are intricately tied up with the answer to that question.

Related: Chairman of the European Branch of the Trilateral Commission and Bilderberg Member Becomes Leader of Italy

Posted in Dictatorship, Economy, Elite | Top Of Page

One Response to “Goldman Sachs Conquers Europe”

  1. Calm says:
    November 22, 2011 at 12:01 am

    Goldman Sachs and Europe’s ‘inside job’
    Goldman Sachs has infiltrated senior positions of power across Europe, says Le Monde’s London correspondent, Marc Roche. The Prime Ministers of Greece and Italy as well as the new head of the European Central Bank all have close ties to the bank.
    France 24
    Correspondent: James Creedon
    November 15, 2011
    http://www.france24.com/en/20111115-goldman-sachs-europe-inside-job-draghi-monti-papademos-freemasonry
    http://www.lemonde.fr/cgi-bin/ACHATS/acheter.cgi?offre=ARCHIVES&type_item=ART_ARCH_30J&objet_id=1173920
    (YouTube Video)
    http://www.youtube.com/watch?v=cpNlnpn0Jvk

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