Prime Minister of Italy
16 November 2011
President Giorgio Napolitano
Preceded by Silvio Berlusconi
Minister of Economy and Finance
16 November 2011
Preceded by Giulio Tremonti
Born 19 March 1943 (1943-03-19) (age 68)
Political party Independent
Alma mater Bocconi University
Religion Roman Catholic
Mario Monti (Italian pronunciation: [ˈmaːrjo ˈmonti]; born 19 March 1943) is an Italian economist and politician who has been the Prime Minister of Italy and the Minister of Economy and Finance since 16 November 2011. He served as a European Commissioner from 1995 to 2004, with responsibility for the Internal Market, Services, Customs and Taxation from 1995 to 1999 and then for Competition from 1999 to 2004. He has also been Rector and President of Bocconi University. He was appointed a Senator for Life in the Italian Senate on 9 November 2011, and was asked to lead a new government in Italy after Silvio Berlusconi’s resignation.
1 Education and academic career
2 Political career
3 Personal life
5 External links
 Education and academic careerMario Monti was born in Varese on 19 March 1943. His father is an Argentinian of Italian descent, while his mother is of Italian descent. 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 from 1970 to 1985 before moving to Bocconi University, where he was its Rector from 1989 to 1994, and has been its President since 1994. He was also the President of SUERF (The European Money and Finance Forum) from 1982 to 1985. His research has helped to create the ‘Klein-Monti model’, aimed at describing the behaviour of banks operating under monopoly circumstances.
Monti is a member of the Presiderium of the Friends of Europe, a leading European think tank, was the first chairman of Bruegel, an European think tank founded in 2005. He is the 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. Political careerIn 1994 Monti was appointed to the European Commission, along with compatriot Emma Bonino, by the first Silvio Berlusconi government. In his capacity as European Commissioner from 1995, he was responsible for Internal Market, Financial Services and Financial Integration, Customs, and Taxation. His work with the Commission has earned him the nickname ‘Super Mario’ from his colleagues and from the press.
Four years later, in 1999, Massimo D’Alema’s government confirmed his appointment to the new European Commission under the presidency of former Italian Prime Minister Romano Prodi. Thereafter he was responsible for Competition policy, in which capacity he initiated anti-monopoly proceedings against Microsoft. He also led the investigation into the proposed merger between General Electric and Honeywell in 2001, which the European Commission blocked.
The second Berlusconi government did not confirm his appointment for a third time in 2004, instead proposing Rocco Buttiglione in his place. Since Rocco Buttiglione was rejected by the European Parliament, the government proposed Franco Frattini.
In 2007, Monti was one of the first supporters of the first European civic forum, Etats Généraux de l’Europe, initiated by European think tank EuropaNova and European Movement.
In December 2009, he became a member of the the future of Europe, chaired by former Spanish Premier Felipe Gonzalez. In this forum, he advocated an economic government for Europe and a European Monetary fund. He also supported a New European Deal with a better coordination between social and economic issues in Europe.
In 2010, Monti was asked by Commission President Manuel Barroso to produce a “Report on the Future of the Single Market” proposing further measures towards the completion of the EU Single Market.
Monti is a founding member of the Spinelli Group, an organization launched in September 2010 to facilitate integration within the European Union (other members of the steering group include Jacques Delors, Daniel Cohn-Bendit, Guy Verhofstadt, Andrew Duff and Elmar Brok).
On 9 November 2011 Monti was appointed a Lifetime Senator by Italian President Giorgio Napolitano. Mario Monti was seen as a favourite to replace Silvio Berlusconi to lead a new unity government in Italy in order to implement reforms and austerity measures. On 12 November 2011, Napolitano invited Monti to form a new government . Monti accepted the offer, and opened talks with the leaders of Italy’s political parties, saying that he wanted to form a government that would remain in office until the next scheduled elections in 2013.
 Personal lifeMario Monti is married, and has two children.
Monti is interested in Ancient Egypt, a passion acquired during his time at Turin University, and he is a patron of the renowned Museo Egizio in Turin.
Socializing losses: Trilateral takeover of Europe?
The sovereign debt crisis tightening its grip on Europe has claimed the scalps of two prime ministers – those of Greece and Italy. Looking at the men poised to replace them, one cannot but ask – is this another turn of the screw for ordinary people?
Greece and Italy hold huge swathes of public debt they are unable to service unless they get massive European Central Bank and International Monetary Fund support, as a prelude to refinancing by international banks.
Greece has already replaced its prime minister after he dared to say he would put a further round of harsh austerity measures to a referendum vote. The country’s new PM is Lucas Papademos, former vice president of the ECB and of Greece’s own Central Bank, and a member of David Rockefeller’s (JPMorgan Chase/Exxon) powerful Trilateral Commission.
As for Italy, the replacement for Silvio Berlusconi is the former European Commissioner Mario Monti, who happens to be European Chairman of the Trilateral Commission.
Whenever we hear of “sovereign debt crises” – whether in Mexico 1997, Brazil 1999, in my native Argentina in 2001/2, or today in Greece, Italy, Spain, Portugal, Ireland and (soon to come) the UK, France, or the US – what it really means is that governments cannot collect enough tax revenues from their people to pay interest and capital on debt that is mostly in the hands of private banking institutions.
Cutting through the Orwellian Newspeak (*) of the media, this means that the people of Greece, Italy, and Argentina must pay for the mistakes of bankers and corrupt governments, suffering higher taxes, unemployment, lower wages and pensions, and a deterioration in public healthcare, education, and infrastructure.
So, whenever there is a public debt crisis, “We the People” must pay for it.
However, when in September 2008 a private debt crisis exploded due to the derivatives swindle which buried Lehman Brothers, Merrill Lynch, AIG and many other private institutions, the US and other governments came to the rescue of the bankers, providing bailouts for banks “too big to fail” (Newspeak for too powerful to fail). They saved the likes of CitiCorp, Bank of America, JPMorgan Chase, Goldman Sachs with…. taxpayers money (TARP), and by having the FED (hyper)inflate the US dollar (know in Newspeak as “Quantitative Easing I, II and III”), which means passing a huge chunk of the cost of those bailouts on to the Rest of the World using the US dollar as global currency.
So again, irrespective of whether debt collapses are public or private, it is always “We the People” who pay because, under the current system, all profits are privatized and all losses are socialized.
But let us go back to Messrs Monti and Papademos. They sit on the Trilateral Commission together with hundreds of corporate chairmen and CEOs such as Ana Botin (Bank Banesto/Santander, Spain), Peter Sutherland (Goldman Sachs/BP, UK), Michel David-Weill (Lazard Bank, France), Jurgen Fitschen (Deutsche Bank, Germany), Stephen Green (HSBC, UK), Nigel Higgins (Rothschild Group, UK), Lord Guthrie (N M Rothschild, UK), Klaus-Peter Müller (Commerzbank, Germany), Dieter Rampl (UniCredito, Italy), Otto Ruding (CitiCorp Europe), Lord Simon of Highbury (Morgan Stanley, UK), Emilio Ybarra (BBVA, Spain), Robert Kelly (Bank of NY Mellon) Lord Brittan (UBS, UK), Robert Zoellick (World Bank), plus Timothy Geithner, Henry Kissinger and many, many others…
In fact, the Trilateral Commission articulates with the powerful Council on Foreign Relations (New York), Chatham House (London) and many other think-tanks forming an intricate web of private global power-brokers bringing together key players in finance, industry, media, government, academia, intelligence and the military, who run today’s global system focusing on their interests, and clearly not on those of “We the People.”
No doubt Messrs Papademos and Monti (if the latter becomes Italy’s new prime minister) will do everything necessary to ensure Italy and Greece do not default on their debts – but rather that their peoples endure all the hardship, undergo all the pain, and make all the sacrifices so that major bankers sitting on the Trilateral can all get their money back. Those who should never have made loans to Greece and Italy (and Argentina and Portugal…) the way they did.
Adrian Salbuchi for RT
(*) Newspeak – a fictional language of hypocritical euphemisms in George Orwell’s novel “1984”.
Adrian Salbuchi is a political analyst, author, speaker and radio/TV commentator in Argentina
Thanks to N.W.N.