- MARIO MONTI THANKS NAPOLITANO FOR OFFER TO FORM GOVERNMENT
- MARIO MONTI SAYS ITALY MUST BE PROTAGONIST IN EUROPE
- MARIO MONTI SAYS HE’LL ACT TO SAVE ITALY FROM CRISIS
From Wikipedia; Mario Monti holds a degree in economics and management from Bocconi University, Milan. He completed graduate studies at Yale University,where he studied under James Tobin, the Nobel prize-winning economist.
He taught economics at the University of Turin (1970-85) before moving to the Bocconi University, of which he has been rector (1989-1994) and then president (since 1994). His research has helped to create the Klein-Monti model, aimed at describing the behaviour of banks operating under monopoly circumstances.
Monti is the first chairman of Bruegel, a European think tank founded in 2005, and he is European Chairman of the Trilateral Commission, a think tank founded in 1973 by David Rockefeller.He is also a leading member of the Bilderberg Group.
Monti is an international adviser to Goldman Sachs and The Coca-Cola Company.
It has been a rather hectic weekend in Italy. With Berlusconi’s resignation, many wonder what is the future of Italy. Is the nations biggest problem solved? We doubt it very much. The increasingly likely outcome is that Berlusconi pulled a Putin move. Replaced himself, but will still rule the country from his Villa. Don’t forget, Silvio is one of the richest persons in Europe, and has been around for two decades. By Al Jazeera, courtesy Silvio.
For the Sunday evening Live speech click here.
This week’s anniversary of the tragic sinking of Big Fitz got me thinking about the Euro – another behemoth currently navigating some extremely choppy waters but managing to keep herself above water. Holding her own, if you will.
The odds have been stacked heavily against the common currency for some time now and yet, despite a clearly unsustainable level of debt, several countries who should never have been allowed through the doors of the Eurozone, rapidly slowing growth and a group of basket-case politicians who have redefined the meaning of ineptitude, if you had shorted the Euro on January 7th of this year, you would now be staring at a loss of roughly 6% on your investment (chart, below).
To have sat and read the headlines these past 10 months and yet to be losing money on a short Euro position would have doubtless sent even the most stoic of investors in search of a stiff drink or some heavy counselling – but that’s the way these things go sometimes. Things stay afloat against all the odds – until, suddenly, they don’t.
One can’t help but think, however, that this week may well have brought us to the wall at the end of the road down which Europe has been kicking the can for quite some time now.